All of the Following Are Characteristics of Debit Cards EXCEPT

question 45

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, his bank instantly credits the store's account with the amount and deducts it from his account.

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Definitions:

Flexible Budget

A flexible budget adjusts to various levels of operation activity, providing a more accurate comparison of budgeted and actual costs.

Other Expenses

Costs not directly related to the production or selling of goods or services, including interest payments, losses from asset sales, or administrative expenses.

Spending Variance

A financial metric that measures the difference between the budgeted or standard cost of production and the actual cost incurred.

Containers Refurbished

This term indicates reused or repaired containers to extend their lifecycle, making them functional for new purposes.