QUESTION IMAGE
Question
which statement is true about debit and credit cards? more businesses accept credit cards than debit cards credit cards withdraw money directly from a bank account; debit cards dont you get a monthly statement for a credit card, but not for a debit card debit cards withdraw money directly from a bank account; credit cards dont
Brief Explanations
To determine the true statement about debit and credit cards:
- Analyze the red option: Most businesses accept both debit and credit cards, and often debit cards are widely accepted too, so this is false.
- Analyze the blue option: Debit cards withdraw from a bank account, credit cards use a line of credit, so this is reversed and false.
- Analyze the orange option: Both credit and debit cards provide monthly statements (for transaction tracking), so this is false.
- Analyze the green option: Debit cards draw funds directly from the linked bank account. Credit cards use a credit line (repayment later), so this is true.
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Green Option: Debit cards withdraw money directly from a bank account; credit cards don’t