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:

Novelist

A writer of novels, which are long written narratives that typically describe fictional characters and events.

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Expectations that are not reasonable or achievable, often leading to disappointment.

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Individuals who have recently been employed by an organization or company.

Uniform Conformity

The consistent and uniform adherence to a set of standards, rules, or norms across a group or organization.