What Is a Debit Card

question 131

Multiple Choice

What is a debit card?

• A) The same thing as a demand deposit
• B) Money that moves along multiple channels of consumers and businesses via digital electronic transmissions
• C) A type of plastic money that immediately reduces the balance in the user's bank account when it is used
• D) An electronic purse that can be programmed with electronic money at ATM machines
• E) The same thing as a time deposit

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Definitions:

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