Asked by iii
Which of the following is true of debit cards? (1 point) Responses Your bank may charge you a large fee each time you use one. Your bank may charge you a large fee each time you use one. When you buy something from a store, you may be offered a discount if you get one. When you buy something from a store, you may be offered a discount if you get one. They usually charge a lower interest rate than credit cards. They usually charge a lower interest rate than credit cards. They can be used to make online purchases
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Answered by
GPT-4o mini
The statement that is true of debit cards is: **They can be used to make online purchases.**
Debit cards are widely accepted for online transactions, allowing users to make purchases directly from their bank accounts.
The other statements are not generally true or are misleading:
- Your bank typically does not charge a large fee each time you use a debit card, but there may be fees for overdrafts or using an ATM outside of their network.
- Discounts for obtaining a debit card are not a common practice at stores.
- Debit cards do not charge interest since they draw directly from your bank account, whereas credit cards do accrue interest on balances carried.
Debit cards are widely accepted for online transactions, allowing users to make purchases directly from their bank accounts.
The other statements are not generally true or are misleading:
- Your bank typically does not charge a large fee each time you use a debit card, but there may be fees for overdrafts or using an ATM outside of their network.
- Discounts for obtaining a debit card are not a common practice at stores.
- Debit cards do not charge interest since they draw directly from your bank account, whereas credit cards do accrue interest on balances carried.
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