Question

1. which of the following statements comparing credit and debit cards is 1 point true? far more businesses accept credit cards than debit cards credit cards pull money directly from your bank account, while debit cards get their money from visa or mastercard credit card companies provide you with a monthly statement, while debit cards do not with debit cards, youre spending your own money at point of sale, while with credit cards, youre promising to pay back the money eventually 10. what financial product am i? i am a type of credit card that requires 1 point cardholders to make a security deposit equal to the credit limit on their account. due to this deposit requirement, i am often a good choice for young people looking to establish a credit history. standard credit card secured credit card overdraft credit card rewards credit card

Explanation:

• Question 9:
• Debit cards use your own money at the point of sale. Credit cards involve borrowing money that you promise to pay back.
• Both credit and debit cards are widely accepted. Credit cards pull money from the card - issuing company (not Visa/Mastercard directly in the sense described in the wrong option), and debit cards pull from your bank account. Credit card companies do provide monthly statements, but this is not the key differentiator. The main difference is the source of funds (own money vs borrowed money).
• Question 10:
• A secured credit card requires a security deposit equal to the credit limit. This is a common feature for those building credit (like young people). A standard credit card does not require such a deposit. An overdraft is a feature of a bank account (not a type of credit card in the traditional sense as described here). A rewards credit card is about earning rewards (e.g., cash - back, points) and not about the deposit requirement.

Answer:

• Question 9: With debit cards, you're spending your own money at point of sale, while with credit cards, you're promising to pay back the money eventually.
• Question 10: Secured credit card.