Question

Which of the following happens when you use your debit card at a machine designed to read it?

a. Your card sends a message to your bank to transfer money from your checking account directly
into the store's bank account.
b.
Your bank receives notice that funds need to be withdrawn from your checking or savings account
at the end of the business day.
c.
Your bank immediately pays the funds required to the store and then invoices you for the amount
on your next bank statement.
d. Your bank confirms that money is available in your account and then adds this amount to an
electronic transfer of funds that it wires to the store each week.

Answer 1

Answer: A. Your card sends a message to your bank to transfer money from your checking account directly into the store's bank account

Explanation: When you use your debit card at a machine designed to read it, then your card sends a message to your bank to transfer money from your checking account directly into the store's bank account.