A credit card system is better at reducing float time for the collector than a debit card system.

Name: A credit card system is better at reducing float time for the collector than a debit card system.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A debit card system reduces float time more effectively than a credit card system because the funds are transferred immediately from the payer's bank account, whereas credit card transactions may take several days to process and settle.

A Credit Card System Is Better at Reducing Float Time