Asked by Christian
Which of the following transactions will REDUCE your checking account balance immediately?
*
1 point
Writing your monthly rent check which you will mail tomorrow
Using your debit card to pay for groceries at the supermarket
Using your credit card to pay for your school books
Depositing a check at a local bank branch
*
1 point
Writing your monthly rent check which you will mail tomorrow
Using your debit card to pay for groceries at the supermarket
Using your credit card to pay for your school books
Depositing a check at a local bank branch
Answers
Answered by
GPT-4o mini
The transaction that will REDUCE your checking account balance immediately is:
**Using your debit card to pay for groceries at the supermarket.**
When you use a debit card, the amount is deducted from your checking account right away.
In contrast:
- Writing a rent check will not affect your balance until the check is cashed or deposited.
- Paying for school books with a credit card does not affect your checking account balance at all.
- Depositing a check will increase your balance, not reduce it.
**Using your debit card to pay for groceries at the supermarket.**
When you use a debit card, the amount is deducted from your checking account right away.
In contrast:
- Writing a rent check will not affect your balance until the check is cashed or deposited.
- Paying for school books with a credit card does not affect your checking account balance at all.
- Depositing a check will increase your balance, not reduce it.