Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

What is a debit card also known as?

A. Credit card
B. Gift card
C. ATM card
D. Cash card

Sagot :

GinnyAnswer

Final answer:

Debit cards are linked to checking accounts and transfer funds directly, differing from credit cards. They are part of the money supply as they use existing funds in accounts.


Explanation:

Debit cards allow individuals to transfer funds directly from a checkable account to a merchant without writing a check, unlike credit cards. While debit cards are connected to the user's bank account and utilize the available funds, credit cards provide a short-term loan from the credit card company. Debit cards are considered part of the money supply as they represent actual funds in a checking account.


Learn more about Debit cards and credit cards here:

https://brainly.com/question/31598744


Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.