Jayden opened a savings account in a bank, and the bank issued him a card that can be used for various transactions. As Jaden does not prefer carrying cash all the time, he mostly uses the card to pay for all his purchases. His transactions are thus cashless, and the purchase amount is immediately deducted from his bank account. In this case, Jayden is using a _____.
A) credit card
B) debit card
C) stored-value card
D) fleet card

Question

Quizplus · Accepted Answer

Jayden is using a debit card, which allows him to make cashless transactions with the purchase amount being immediately deducted from his bank account.

Jayden Opened a Savings Account in a Bank, and the Bank