Question

Which of the following statements comparing debit cards to credit cards is TRUE? ADebit cards allow you to draw funds directly from your checking account. BDebit cards typically offer greater fraud protection than credit cards. CDebit cards never require a signature to finalize a purchase like credit cards. DDebit cards charge higher interest rates on purchases than credit cards.

Answer 1

Answer:

A Debit cards allow you to draw funds directly from your checking account.

Explanation:

A debit card is a payment card in which the money is deducted from your checking account.

A credit card is a payment card that allows people to borrow money to make purchases. Then, the card holder has to pay the money to the bank with the interest.

According to this, the statement that is true is that debit cards allow you to draw funds directly from your checking account.

The other answers are not right because debit and credit cards require a signature when you make a purchase and credit cards offer greater fraud protection and charge higher interest rates.

Answer 2

The answer is "A) Debit cards allow you to draw funds directly from your checking account."