ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Can be used in the same way that someone uses a check to pay bills by mail
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Is purchased with a specific amount of money that can be used to pay for goods or services
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Is the same as a credit card which means you can use it to pay the minimum on a bill
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Is the same as a debit card and is always linked to a specific checking account
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Detailed explanation-1: -Key Takeaways. A cash card is a term for a payment card that stores cash, such as debit, gift, or prepaid debit cards. Credit cards are not considered cash cards. Cash cards are a convenient way for cardholders to make electronic payments. Note that Square’s Cash App offers a debit card that’s called a Cash Card.
Detailed explanation-2: -a credit card is typically a plastic card, that grants you access to credit amount that you can use to make payments and avail services. this amount has a repayment time within which the amount is to be paid off. the upside of these cards is that they offer rewards in the form of cashbacks or points.
Detailed explanation-3: -The Cash Card is a Visa debit card which can be used to pay for goods and services from your Cash App balance, both online and in stores. Your Cash Card can be used as soon as you order it by adding it to Apple Pay and Google Pay, or by using the card details found in the Cash Card tab.
Detailed explanation-4: -A prepaid card is a card you can use to pay for things. You buy a card with money loaded on it. Then you can use the card to spend up to that amount. A prepaid card is also called a prepaid debit card, or a stored-value card. You can buy prepaid cards at many stores and online.