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.

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.

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.

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 incorrect:

• A credit card from a bank is not linked to the user's checking account; it operates on credit extended by the bank.
• You can sometimes use a store credit card for other purchases, but typically, store credit cards are not accepted outside of the issuing retailer, unless co-branded.
• Credit cards are not the same as debit cards; they operate on different principles in terms of payment and credit.