BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It’s like a check but comes out of your account automatically
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It’s more convient than a check
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Your use your PIN number to make purchases
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All of the above
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Detailed explanation-1: -It is a client card issued by a bank that provides access to funds and other bank account transactions, such as transferring funds, checking balances, paying bills, etc., as well as point of purchase transactions connected on the Interac network.
Detailed explanation-2: -A Debit Card is a plastic currency or plastic money. You can use it to buy things when you don’t have cash. Typically, the banks issue a Debit Card to Savings Account holders, and it is linked to your account. All transactions made through your Debit Card are reflected in your bank account statement.
Detailed explanation-3: -A debit card looks like a credit card but works like an electronic check. Why? Because the payment is deducted directly from a checking or savings account.
Detailed explanation-4: -debit card. noun. : a card like a credit card but by which money is withdrawn from the holder’s bank account immediately at the time of a transaction (as a purchase)
Detailed explanation-5: -A debit card lets you spend money from your checking account without writing a check. When you pay with a debit card, the money comes out of your checking account immediately. There is no bill to pay later.