ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Debit cards are convenient and easy to carry around.
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Purchases can be made quickly and easily.
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You can use many ATMs to get cash.
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All of the above.
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Detailed explanation-1: -No Debt – With a credit card it’s easy to purchase anything you want, even if you don’t have the funds. With debit cards, the money comes directly from your bank account, so you avoid spending more money than you have.
Detailed explanation-2: -Debit Cards make transactions fast, easy and convenient to use. Debit Cards have the ability to give you cash. They double up as ATM cards and allow you to withdraw money from an ATM.
Detailed explanation-3: -Here are a few benefits that come with using a debit card: You can pay using money you already have-without carrying cash or having to write a check. You can use your debit card at ATMs to get cash, make deposits, transfer money and check your balance.
Detailed explanation-4: -They’re highly convenient. They’re faster than writing a check and are widely accepted by retailers. They typically don’t have any annual fees. They can help with budgeting by discouraging excess spending. They don’t charge interest.