The Purpose of a Debit Card Is To

question 92

Multiple Choice

The purpose of a debit card is to:

• A) obtain a discount on consumer purchases.
• B) make credit card purchases.
• C) quickly obtain a cash loan.
• D) make investments with an investment company.
• E) transfer money electronically.

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Definitions:

Cost Effective

Refers to a process, action, or methodology that achieves its objectives without wasting resources, ideally delivering the best possible outcome for the lowest cost.

Critical Issues

Significant problems or challenges that require immediate attention and resolution to prevent negative consequences.

Bottom Line

The final total of an account, balance sheet, or financial result, often referring to a company's net income or profit.

Media Richness Hierarchy

A framework that ranks communication media according to their capacity to convey information effectively, based on aspects such as immediate feedback, cues, personalization, and language variety.