When You Use a Debit Card to Purchase a Pair

question 369

Multiple Choice

When you use a debit card to purchase a pair of jeans, you are

• A) creating a 30-day loan from your bank to the seller.
• B) creating a 30-day loan from the seller to your bank.
• C) giving your bank an instruction to transfer funds directly from your bank account to the store's bank account.
• D) creating an overnight repurchase agreement between your bank and the store.

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