A payment made using _____ is equivalent to paying by cash.
A)a retail credit card
B)a debit card
C)an affinity card
D)a reward card
E)a student credit card

Question

Quizplus · Accepted Answer

A debit card is linked directly to the cardholder's bank account, and the funds are immediately deducted from the account when a transaction is made. This makes it similar to using cash, as the payment is immediate and the funds are not borrowed. The other options (retail credit card, affinity card, reward card, and student credit card) may offer benefits such as points, rewards, or discounts, but they involve borrowing money that must be repaid later with interest.

A Payment Made Using _____ Is Equivalent to Paying by Cash