Question

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. They usually charge a lower interest rate than credit cards. They usually charge a lower interest rate than credit cards. 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.

Answer 1

The true statement about debit cards is: When you use one, the money is taken directly from your bank account.

Here’s a brief overview of the other statements:

• "You can run up huge debts if you don’t pay the balance off quickly." - This is true for credit cards, not debit cards, as debit cards withdraw money directly from your bank account.

• "They usually charge a lower interest rate than credit cards." - Debit cards do not accrue interest since they draw from your bank account, unlike credit cards which charge interest on unpaid balances.

• "They are issued by networks such as Visa." - While it is true that many debit cards can be issued with Visa or Mastercard branding, it is not a defining characteristic of debit cards themselves.

Thus, the most accurate answer is about the direct withdrawal from your bank account.