In a debit card system,the _____.
A)customer can either pay the full amount due immediately or defer payment
B)customer is not billed until his or her billing cycle date
C)retailer still has the risk of customer nonpayment
D)purchase price is automatically deducted from a consumer's bank account and then entered into the retailer's account through a computer terminal

Question

Quizplus · Accepted Answer

In a debit card system, the purchase price is automatically deducted from a consumer's bank account and then entered into the retailer's account through a computer terminal, making option D the correct choice. Option A is incorrect because a debit card requires immediate payment, not the option to defer. Option B is incorrect because the customer is usually notified of the purchase amount and it is immediately deducted from their account. Option C is incorrect because the retailer is guaranteed payment as long as there are sufficient funds in the customer's account, so there is no risk of nonpayment.

In a Debit Card System,the _____