Which of the following is a disadvantage of using a debit card? A) The consumer is charged higher finance charges than on a credit card. B) The consumer loses float. C) They have higher processing costs than ATMs. D) They have lower processing costs than checks. E) They are not widely available.

Question

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When using a debit card, the funds are immediately withdrawn from the consumer's bank account, leaving them with less available cash until their next deposit. This is called losing float, which can be a disadvantage for those who need to carefully manage their finances.

Which of the Following Is a disadvantage of Using a Debit