Which of the following is true about debit cards?(1 point)
Responses
You can run up huge debts if you don’t pay the balance off quickly.
You can run up huge debts if you don’t pay the balance off quickly.
When you use one, the money is taken directly from your bank account.
When you use one, the money is taken directly from your bank account.
They are issued by networks such as Visa.
They are issued by networks such as Visa.
They usually charge a lower interest rate than credit cards.
1 answer
The true statement about debit cards is:
When you use one, the money is taken directly from your bank account.
This is the key feature of debit cards, as they withdraw funds directly from your checking account at the moment of the transaction. The other options either pertain to credit cards or are misleading in the context of debit cards.
