Question

X

1 point
Mr.Boxer has organized the features of a credit card and a debit card into the table below. Which description is the best representation for the
missing detail?
CREDIT CARD
DEBIT CARD
?
purchases are withdrawn
immediately from bank
account
may not spend more than
your credit limit
may not spend more than
the balance of the
account
purchases are subject to
interest
no interest charged on
purchases

Answer 1

Purchases are not withdrawn immediately from bank

Explanation:

In case of credit cards, purchases are not withdrawn immediately from bank in fact the transaction needs approval and verification from the bank. Once the bank verify with the customer regarding the transaction requested, it will not allow money to flow from one account to other.