Question

Which statement best describes making payments with a debit card?

a) Payments are directly deducted from your account.
b) Payments are deducted from an ATM.
c) Payments are made every month.
d) None of the above

Answer 1

The best description of debit card payments is that they are directly deducted from your account. Debit cards are linked to your bank account and provide an immediate transfer of funds for purchases, which differs from credit card transactions, where borrowed money is paid back later.

Step-by-step explanation:

The statement that best describes making payments with a debit card is: a.Payments are directly deducted from your account. When you use a debit card, the money is transferred electronically, and the purchase amount is immediately taken out of your checking or savings account. Unlike credit cards, which allow you to borrow money that you'll pay back later, a debit card spends money you already have. It's also important to note that while debit cards may bear the logos of major credit card networks like Visa or Mastercard, this does not change the nature of the transaction, which is a direct account debit rather than a loan of funds.