Which of the following statements are true? Select the two correct answers. (1 point)

Question

Responses

Store credit cards co-branded with VISA, Mastercard, or Discover can be used anywhere that those cards are accepted.
Store credit cards co-branded with VISA, Mastercard, or Discover can be used anywhere that those cards are accepted.

You can never use a store credit card anywhere else.
You can never use a store credit card anywhere else.

Credit cards are the same thing as debit cards.
Credit cards are the same thing as debit cards.

Banks issue credit cards as well as debit cards.
Banks issue credit cards as well as debit cards.

A credit card from a bank is linked to the user’s checking account.
A credit card from a bank is linked to the user’s checking account.

Answer 1

The two correct statements are:

1. Store credit cards co-branded with VISA, Mastercard, or Discover can be used anywhere that those cards are accepted.

2. Banks issue credit cards as well as debit cards.

The other statements are not true:

• Store credit cards not co-branded with major card networks typically can only be used at the issuing store or chain.
• A credit card is not the same as a debit card; they function differently.
• A credit card from a bank is not linked to the user’s checking account; instead, it is a line of credit that must be repaid, whereas a debit card is linked directly to the checking account.