ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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it’s like a check but comes out of your account automatically
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it’s more convenient than writing a check
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you use a PIN number to authorize purchases
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all of the above
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Detailed explanation-1: -Key Takeaways. Debit cards eliminate the need to carry cash or physical checks to make purchases, and they can also be used at ATMs to withdraw cash. Debit cards usually have daily purchase limits, meaning it may not be possible to make an especially large purchase with a debit card.
Detailed explanation-2: -You can get a debit card from the bank when you open a checking account. Money comes out of your checking account when you pay with a debit card. You don’t pay extra money in interest when you pay with a debit card. You can use a debit card at an ATM to get money from your checking account.
Detailed explanation-3: -Bank account: Debit Cards are linked to a bank account. Eligibility: Anyone who has a bank account with us is eligible for a Debit Card. Maximum amount withdrawal: Experience the freedom of increased withdrawal and purchase limit with our Debit Cards. More items
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.