Which statement best describes purchases made with a credit card?
A. Purchases made with this card are withdrawn directly from a bank account.
B. Purchases made with this card require a PIN number.
C. If you don’t record your purchases, you may have to pay a overdraft fee.
D. Purchases made with this card are subject to interest.
my answer is C
then is it A?
My answer is NOT C. Overdraft fees are when you try to take more money out of your bank account than you have in it.
No, "A" refers to debit cards.
Now you know the two wrong answers. Read and reread your text and/or use Google to learn how credit cards operate. Please don't post about this again, though. Thanks.
my answer is B
It’s d, funds to pay for the purchase are taken from your checking account
Which statement best describes purchases made with a credit card?
A. Purchases made with this card are withdrawn directly from a bank account.
B. Purchases made with this card require a PIN number.
C. If you don’t record your purchases, you may have to pay a overdraft fee.
D. Purchases made with this card are subject to interest.
Which statement best describes purchases made with a credit card?
A. Purchases made with this card are withdrawn directly from a bank account.
B. Purchases made with this card require a PIN number.
C. If you don’t record your purchases, you may have to pay a overdraft fee.
D. Purchases made with this card are subject to interest.
D. Purchases made with this card are subject to interest.
The correct statement is D. Purchases made with a credit card are subject to interest.
To arrive at the correct answer, it is important to understand the features of a credit card and how it works.
A. Purchases made with this card are withdrawn directly from a bank account - This statement describes a debit card, not a credit card. With a debit card, the funds are directly deducted from the linked bank account.
B. Purchases made with this card require a PIN number - While some credit cards may require a PIN for certain transactions, it is not a universal requirement. Credit cards generally rely on the cardholder's signature or contactless payment systems like chip and PIN or contactless payments.
C. If you don't record your purchases, you may have to pay an overdraft fee - Overdraft fees typically apply to checking accounts and occur when you spend more money than is available in your account. Credit cards do not have overdraft fees because they have a pre-approved credit limit.
D. Purchases made with this card are subject to interest - This statement correctly describes purchases made with a credit card. When you make a purchase with a credit card, you are essentially borrowing money from the credit card issuer. If you do not pay off the full balance by the due date, interest is charged on the outstanding amount. This is one of the ways credit card companies make money.
here are the answer for the whole thing
B- he would have a higher credit limit
D- funds are taken electronically from a persons checking account
A- matt has to share his PIN with his friend
A- she will not know her checking account balance
D- pay the minimum and avoid adding more debt
A- federal law regulates a consumers liability for fraudulent charges
A- he should contact his bank immediately
A- she is a poor credit risk
A- you pay for the purchase later
C- what service fees does the bank charge