Question
Why is there more risk for a business when it accepts checks than debit cards?
(1 point)
Responses
Checks are paper and debit cards are plastic.
Checks are paper and debit cards are plastic.
Debit cards are FDIC insured and checks are not.
Debit cards are FDIC insured and checks are not.
There is a limit on the amount for checks, not debit cards.
There is a limit on the amount for checks, not debit cards.
A debit card is approved electronically while checks are not.
(1 point)
Responses
Checks are paper and debit cards are plastic.
Checks are paper and debit cards are plastic.
Debit cards are FDIC insured and checks are not.
Debit cards are FDIC insured and checks are not.
There is a limit on the amount for checks, not debit cards.
There is a limit on the amount for checks, not debit cards.
A debit card is approved electronically while checks are not.
Answers
GPT-4o mini
The correct response is:
**A debit card is approved electronically while checks are not.**
This means that debit card transactions generally have a more immediate and secure method of verification, reducing the risk of fraud or bounced payments that can occur with checks.
**A debit card is approved electronically while checks are not.**
This means that debit card transactions generally have a more immediate and secure method of verification, reducing the risk of fraud or bounced payments that can occur with checks.