Why Are Debit Cards Not Listed as Money

question 150

Multiple Choice

Why are debit cards not listed as money?

• A) They perform the same function as checks,and checks are counted as money.
• B) Debit cards cannot be used for payments at most stores.
• C) Debit cards draw on checkable deposits,which are already counted as money.
• D) Not all banks issue debit cards.

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Definitions:

Relationship

A connection, association, or involvement between two or more individuals, entities, or concepts.

Trust

A strong conviction in someone or something's dependability, accuracy, capability, or robustness.

Mother

A female parent or guardian; also refers to a woman exercising control, influence, or care similar to that of a parent.

Cattell

Raymond B. Cattell was a psychologist known for his psychometric research into intrapersonal psychological structure and the influential 16 personality factor model of personality.