Question

16 points please help! :(

Answer 1

1. False, a debit card charges your checking account while a credit card is a loan from the bank.
2. True, they are both ways of quickly purchasing an item.
3. True, a debit takes from the checking.
4. False, the debit card would be rejected unless your account uses overdrafting.
5. False, a credit card a securing a loan.
6. False, a debit card can withdraw cash from an ATM as well as quickly purchase items from almost any store.
7. True, debit cards are linked directly to the bank and its less hassle than a check. A check requires the business to contact the bank for the information before the check is accepted or denied.
8. True, a thief can use the debit card without proof of identity. In some instances they would need to provide your PIN but in most circumstances they can purchase items under the debit cards name.
9. True, keeping keep of spending is important if you have a debit card. If you don't keep track of your spending you wont know when that card will be rejected.

Hope this helped with finances!