Which of the following is a false statement?

Question

A
You can purchase items with money from your checking account by using a debit card.

B
You can purchase items with money from your checking account by writing a check.

C
A debit card can be used to withdraw cash from an ATM.

D
A debit card can be used to pay for a purchase if your checking account is empty.

Answer 1

The false statement is:

D A debit card can be used to pay for a purchase if your checking account is empty.

This is false because a debit card typically withdraws funds directly from your checking account, so if the account is empty, the transaction would be declined unless there is an overdraft arrangement in place.

Answer 2

Gustavo writes a check to his landlord for $450, but he only has $300 in his checking account. What will happen?
A
Nothing.

B
The check will bounce, or fail to process.

C
The bank will owe Gustavo's landlord $150.

D
Gustavo will save $150 on his rent that month.

Answer 3

The correct answer is:

B
The check will bounce, or fail to process.

Since Gustavo only has $300 in his checking account and he is writing a check for $450, the bank will not honor the check due to insufficient funds, and it will bounce.