Final answer:
True, a point of sale transaction does occur when a debit card is used at a grocery store, which involves a direct transfer of funds from the user's bank account to the merchant's account.
Step-by-step explanation:
A point of sale transaction does indeed occur when a debit card is used to purchase items at a grocery store. When using a debit card, the transaction involves an electronic transfer of funds from the cardholder's bank account to the merchant's account, making the purchase immediate and direct.
Unlike a credit card, which offers a short-term loan, a debit card uses the money the cardholder already has in their bank account.
Therefore, a debit card transaction is a form of plastic money that is considered as actual money in the form of checkable deposits.
Smart cards, on the other hand, store a certain value for use but are typically limited to specific types of purchases or locations.
In this scenario, Mr. Berg is monitoring the DMF stock prices. The stock typically fluctuates between $71 and $86. Currently, the stock is at $84, and there is increasing upside volume, indicating a possible breakout.
Given this information, Mr. Berg would most likely enter a buy stop at $88.