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anonymous

  • one year ago

Which statement best describes making payments with a debit card? A) payments are directly deducted from your account. B) payments are deducted from a ATM. C) payments are made every month.

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  1. anonymous
    • one year ago
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    b or c

  2. anonymous
    • one year ago
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    I'm thinking C...

  3. anonymous
    • one year ago
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    i think it B

  4. Compassionate
    • one year ago
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    It's not C or B. Deducting from an ATM is a direct withdrawel, and payments being dued at the end of the month is called a credit. And, I know this might be going against my morals, but I'm going to go ahead and tell you it's A since this question is so black and white. Debit is what you're looking for. But what exactly is debit? "A debit card (also known as a bank card or check card) is a plastic payment card that provides the cardholder electronic access to their bank account(s) at a financial institution. Some cards may bear a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a payer's designated bank account." Taken from wikipedia.

  5. Compassionate
    • one year ago
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    Think of it this way: Credit = Pay it later. Debit = Pay it now ATM = withdrawing money

  6. Directrix
    • one year ago
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    A debit card can be used at an ATM to make cash withdrawals or to deposit checks When used to make a payment, the amount of the payment is immediately deducted from your account.

  7. anonymous
    • one year ago
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    Its B

  8. Directrix
    • one year ago
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    @lauren.ascough >>B) payments are deducted from a ATM. Incorrect. An ATM is an automated teller machine. It does not make payments. It will dispense cash to the holder of the debit card.

  9. Directrix
    • one year ago
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    >>C) payments are made every month. Incorrect. A credit card fits this description.

  10. anonymous
    • one year ago
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    So its C

  11. Compassionate
    • one year ago
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    No. Debit is when a payment is deducted directly from your account balance. If I wanted to buy candy for 1 dollar, but only have .50 cents in my account, then I cannot buy the candy with debit because it withdrawels directly from my account. However, I can buy the candy with credit and pay back the .50 cents at the end of the month.

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