Question

why is there more risk for a business when it accepts checks than debit cards?
(1 point)
checks are paper and debit cards are plastic.
debit cards are fdic insured and checks are not.
there is a limit on the amount for checks, not debit cards.
a debit card is approved electronically while checks are not.

Explanation:

Debit cards are electronically approved at the time of transaction, ensuring that the funds are available. Checks, on the other hand, may bounce if the payer has insufficient funds in their account. The material (paper vs. plastic) is not a risk - related factor. FDIC insurance is about deposit insurance for banks, not about the risk of payment instruments. And there is no such general rule that there is a limit on the amount for checks but not for debit cards.

Answer:

A debit card is approved electronically while checks are not.