Which is an example of a cash transaction? (1 point) Responses a TV streaming service payment automatically debited from a checking account on the 21st of each month a TV streaming service payment automatically debited from a checking account on the 21st of each month paying for gas at the pump with a credit card paying for gas at the pump with a credit card taking out a student loan taking out a student loan financing a new car

1 answer

An example of a cash transaction is "paying for gas at the pump with a credit card." However, if you're considering a cash transaction specifically defined as a transaction with physical cash, none of the provided options fit that description.

For the sake of clarity:

  • A cash transaction typically involves direct cash payment, such as using physical currency or cash equivalents (like a debit card that directly accesses the bank balance without credit).

If you meant to ask which option represents a typical immediate payment without deferred payment terms (like loans or financing), then the "paying for gas at the pump" would be the closest fit, despite it being done via credit card.