Question

Patients should be given a receipt:

Select one:
a.when they charge the bill to a credit card
b.when they make payment in any form
c.only when they pay in cash

Answer 1

Patients should always receive a receipt regardless of the payment form, including cash, credit, or debit card transactions. Plastic money like credit and debit cards are significant in transactions; debit cards transfer funds from one's bank, while credit cards offer a short-term loan to be repaid later.

Step-by-step explanation:

Patients should be given a receipt when they make payment in any form. Receipts serve as a proof of payment for both the patient and the provider, ensuring transparency in the financial transaction. Receipts are important for maintaining accurate records for both parties and can be used for reimbursement purposes or personal record-keeping.

Plastic money like debit cards, credit cards, and smart money play a unique role in financial transactions. A debit card operates similarly to a check; it is an instruction to transfer money directly from the user's bank account to the seller. Credit cards, on the other hand, act as a short-term loan where the credit card company pays the seller immediately, and then bills the user for the charged amount at the end of the month.