All of the Following Are Characteristics of Debit Cards EXCEPT

question 104

Multiple Choice

All of the following are characteristics of debit cards EXCEPT

• A) payments are deferred until a later date.
• B) they can be used like checks.
• C) they eliminate the problem of trust since the bank's computer authorizes the transaction.
• D) when used at a store, the user's bank instantly credits the store's account with the amount and deducts it from the user's account.

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Definitions:

Sample Mean

The average value of a sample set of numbers, estimated from a subset of a population.

Margin of Error

Represents the maximum amount by which the sample results are expected to differ from the actual population parameter.

T Distribution

A probability distribution used in statistics for hypothesis testing, especially with small sample sizes or unknown population standard deviations.

T Distribution

A type of probability distribution that is symmetric and bell-shaped but has heavier tails than the normal distribution, used especially in small sample analysis.