ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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you can print infinite amounts of money and make your country super rich.
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Money is drawn Directly from debt and the government and you don’t need to worry about paying them back
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Money is drawn directly from the savings account or checking account, a PIN is required, Fees may be charged for overdraft
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Sometimes we all make mistakes please don’t make one now
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Detailed explanation-1: -A debit card is a type of payment card that conveniently facilitates secure and easy payments both online and in-person. Debit cards differ from credit cards in that the money attached to the debit card comes directly out of a checking account rather than being borrowed and paid later.
Detailed explanation-2: -Because the payment is deducted directly from a checking or savings account. If you use a debit card at a retail store, you or the cashier can run your card through a scanner that enables your financial institution to verify electronically that the funds are available and approve the transaction.
Detailed explanation-3: -Yes, your checking account can be overdrawn with a debit card. Regularly checking your account balance using Digital Banking or a Mobile App can help prevent overdrafts. Please keep in mind that your debit card transactions process along with other transactions in your checking account.
Detailed explanation-4: -And most banks allow you to link your savings account to a debit card if you also have a checking account. You won’t be able to make debit card purchases from your savings account, but you can transfer money to your linked checking account to complete the transaction.