QUESTION IMAGE
Question
when comparing and contrasting debit and credit cards, it could be said that
○ debit cards allow for overspending and credit cards are limited to the amount in the designated bank account
○ a debit card withdrawals money from a designated bank account for immediate payment instead of making purchases through borrowing
○ credit cards are not widely accepted by stores but debit cards are
○ debit cards and credit cards function in the same manner
- Debit cards use funds directly from a bank account for immediate payment. Credit cards involve borrowing money.
- Credit cards are widely accepted. Debit cards don't allow overspending beyond account balance. They don't function the same.
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A debit card withdrawals money from a designated bank account for immediate payment instead of making purchases through borrowing.