One Major Difference Between a Debit and Credit Card Is

question 94

Multiple Choice

One major difference between a debit and credit card is:

• A)You can build a credit history with the credit card but not with the debit card
• B)You have to pay interest on your purchases if you use a credit card
• C)Credit cards are money and the debit card is not
• D)Debit cards charge late fees

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Definitions:

Corporation Income Taxes

Taxes applied to the income or profit of corporations.

Small Corporations

These are businesses that are smaller in size, often categorized by fewer employees or lower annual revenue.

Income

The flow of cash or its equivalent received from work or investments over time.

Investment

The allocation of resources, usually financial, to assets or projects expected to generate future profits or benefits.