Question

Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit cards offer the highest level of fraud protection. CChecks are the most widely accepted form of payment DDebit Cards often have a higher interest rate than Credit Cards.

Answer 1

A is true.

Debit cards don't provide as much insurance: Credit cards are lending you money, so when a credit card gets stolen, the company wants its money back. They are the ones looking for it. With a debit card, you have to find it or replace the card.

Checks are rarely accepted; cards are widely used.

Debit cards have no interest rates or monthly charges.