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QUESTION IMAGE

when comparing and contrasting debit and credit cards, it could be said…

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

Explanation:

Brief Explanations
  • 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.

Answer:

A debit card withdrawals money from a designated bank account for immediate payment instead of making purchases through borrowing.