ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To allow you to buy goods with only the money in your account
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To allow you to buy goods with the banks money
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To let you buy things online
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To buy goods and services
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Detailed explanation-1: -A Debit Card is a plastic currency or plastic money. You can use it to buy things when you don’t have cash. Typically, the banks issue a Debit Card to Savings Account holders, and it is linked to your account. All transactions made through your Debit Card are reflected in your bank account statement.
Detailed explanation-2: -When you open a checking account at a bank or credit union, you usually get a debit card. A debit card lets you spend money from your checking account without writing a check. When you pay with a debit card, the money comes out of your checking account immediately.
Detailed explanation-3: -Unenrolled-if you make a debit card purchase and do not have enough available money in your account, your transaction will be declined and you will not be charged any fees.
Detailed explanation-4: -When you use a debit card, you are using your funds but you are borrowing money from your card issuer when you use a credit card. But there isn’t necessarily a better card to use.
Detailed explanation-5: -A Debit Card Is Convenient To Use Thanks to debit cards, there’s no need to carry around wads of cash. They’re also secure, requiring a PIN or your zip code to verify the transactions. These benefits are especially evident when you compare them to old-fashioned paper checks, which many retailers no longer accept.