Which of the following statements are true? Select the two correct answers. (1 point)

Question

Responses

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.
You can never use a store credit card anywhere else.

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.

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 because:

• Credit cards and debit cards are not the same; credit cards allow you to borrow money, while debit cards draw directly from your checking account.
• Store credit cards typically can only be used at the specific retailer unless they are co-branded with major credit card networks.
• A credit card is not linked to a checking account; it is a separate line of credit.