Which of the Following Is an Advantage of Using a Debit

question 25

Multiple Choice

Which of the following is an advantage of using a debit card?

• A)Your total banking expenses are likely to be lower.
• B)The overdraft protection is less expensive than borrowing from your credit card.
• C)They have lower transaction fees than credit cards.
• D)You have no risk of being charged for insufficient funds.

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Definitions:

Unidentified Principal

A party in a transaction whose identity is not known to the other party, often in agent-principal relationships.

Disclosed Principal

A disclosed principal is a party whose identity is known by all involved parties at the time a transaction is entered into with an agent.

Undisclosed Principal

is a party in a contractual agreement whose existence and identity are not revealed to the third party at the time of contract formation, often in agency relationships.

Express Authorization

Directly stated or clearly indicated authority given for an action or procedure.