ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit card:because the money won’t come out of her checking account.
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Debit card:because it will be paid for with money she has earned that is already in the bank.
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Debit card:because she won’t have to keep track of it and have an endless amount of money to spend.
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Credit card:because it is always better to pay interest on top of what she is spending at the store.
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Detailed explanation-1: -The bottom line. From a legal perspective, credit cards generally provide more protection against fraudulent activity. But, there are ways to mimic some of these protections with a debit or prepaid card. Deciding which is best for you will help protect your money whether you’re spending online or swiping in store.
Detailed explanation-2: -Credit cards often offer better fraud protection With a credit card, you’re typically responsible for up to $50 of unauthorized transactions or $0 if you report the loss before the credit card is used. You could be liable for much more for unauthorized transactions on your debit card.
Detailed explanation-3: -Many of us use credit cards irresponsibly and end up in debt. However, contrary to popular belief, if you can use the plastic responsibly, you’re actually much better off paying with a credit card than with a debit card and keeping cash transactions to a minimum.