Which of the Following Statements Regarding Methods of Payment Is

question 64

Multiple Choice

Which of the following statements regarding methods of payment is TRUE?

• A)A debit card operates by allowing the cardholder to borrow the purchase price of an item from a bank.
• B)Because it withdraws funds from a bank account, a credit card can be used only if that account contains sufficient funds.
• C)Once a credit card transaction has been authorized by the issuer, the cardholder cannot revoke payment even if the merchant delivered defective goods.
• D)In contrast to credit cards and debit cards, a cheque operates by unconditionally discharging a contractual debt.
• E)Even after a transaction has been processed, the holder of a debit card can countermand payment if the merchant provided defective goods.

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Definitions:

Urine

A liquid by-product of metabolism in humans and many animals, expelled from the body.

Centrifuge

A machine that uses centrifugal force to separate particles or substances of different densities within a liquid.

Protozoal Infection

A type of infection caused by protozoa, single-celled organisms that can either be free-living or parasitic.

Parasitic Infection

An infestation by parasites such as protozoa, worms, or insects that live on or inside a host organism, often causing disease.