ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Writing your monthly rent check which you will mail tomorrow
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Using your debit card to pay for groceries at the supermarket
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Using your credit card to pay for your school books
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Depositing a check at a local bank branch
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Detailed explanation-1: -Available Balance can be reduced for a number of reasons, including pending transactions, such as a point-of-sale Debit Card transactions or funds that are on hold in accordance with the Bank’s Funds Availability Policy.
Detailed explanation-2: -ACH debit is one of the most popular types of ACH payment because it allows consumers to pay bills electronically, without having to write checks or use cash. It’s often called “direct debit” because it allows you to pay directly from your bank account.
Detailed explanation-3: -Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills.
Detailed explanation-4: -Not having cash on hand. It’s not uncommon to stumble upon a retailer or restaurant that only accepts cash as payment. Forgetting to review auto bill pay settings. Ignoring minimum account balance requirements. Using your debit card while traveling internationally. 11-Dec-2022