Question

Which situation is a true statement about payment options?

Debit card transactions are subtracted from your account
at the end of each month.

Paying with a credit card means the amount you spend
will be deducted from your checking account.

An advantage of online banking is that your records are
stored electronically.

To avoid paying interest on your credit card purchases,
pay the balance in full each month.

Answer 1

Explanation:

The following situation is a true statement about payment options:

To avoid paying interest on your credit card purchases, pay the balance in full each month.

This is because when you pay the balance in full each month, you are not carrying a balance or accruing interest charges on your credit card. If you don't pay the balance in full, you will be charged interest on the remaining balance, which can add up quickly and result in you paying much more than the original purchase price.