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Which of the following statements are true? Select the two correct answers.

1) Credit cards and debit cards are used for the same things.
2) Credit cards can be issued by any store.
3) Credit cards can be used anywhere.
4) Brandon has 57 credit cards.
5) Mastercard and Discover are types of credit cards.

1 Answer

6 votes

Final answer:

Credit cards and debit cards are different ways to move money when making a purchase. Credit cards can be used anywhere that accepts major credit cards while debit cards are typically used at businesses that accept major credit cards. It is not true that credit cards can be issued by any store.

Step-by-step explanation:

Credit cards and debit cards are different ways to move money when making a purchase, but they are not used for the same things. Debit cards are tied directly to a bank account, allowing users to access the funds they have in their account. Credit cards, on the other hand, are a type of short-term loan provided by the credit card company. Credit cards can be used anywhere that accepts major credit cards, while debit cards are typically used at businesses that accept major credit cards.

It is not true that credit cards can be issued by any store. Credit cards are typically issued by financial institutions such as banks or credit unions. Some stores may offer store-specific credit cards, but these are not the same as general credit cards which can be used at any establishment that accepts credit cards.

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