Which of the following statements are true? Select the two correct answers. (1 point) Responses 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. 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. Credit cards are the same thing as debit cards. Credit cards are the same thing as debit cards. You can never use a store credit card anywhere else.

Answer 1

The two correct statements are:

1. Banks issue credit cards as well as debit cards. - This is true, as banks typically offer both types of cards to their customers.

2. Store credit cards co-branded with VISA, Mastercard, or Discover can be used anywhere that those cards are accepted. - This statement is also true, as co-branded store credit cards function like regular credit cards when used at establishments that accept those networks.

The other statements are false:

• A credit card is not linked to a checking account, while a debit card is.
• Credit cards and debit cards are not the same; credit cards allow borrowing, while debit cards access funds directly from a checking account.
• Not all store credit cards can be used anywhere; those that are not co-branded with major credit card networks are usually limited to specific stores.