Which form of credit management system most closely resembles a check?
A) retailer-based credit system
B) debit management system
C) Discover Card
D) MasterCard Express

Question

Quizplus · Accepted Answer

A debit management system is the most similar to a check as it allows consumers to make purchases using funds directly from their checking account, just like a check deducts from the account balance. The other options (retailer-based credit system, Discover Card, MasterCard Express) are all forms of credit that require the borrower to repay the balance at a later date with added interest or fees.

Which Form of Credit Management System Most Closely Resembles a Check