When you use a (___________________ ), the
money you spend is deducted immediately from
your checking or savings account.
A credit card
B debit card
C deposit
D credit score
B debit card
is this true
Yes, this is true. When you use a debit card, the money spent is deducted immediately from your checking or savings account.
When you use a debit card, the money you spend is deducted immediately from your checking or savings account. To determine the correct answer, we need to understand the meaning of each option.
A. Credit card: A credit card allows you to borrow money from the credit card issuer up to a certain credit limit. You will need to repay the borrowed amount along with any additional fees or interest charges.
B. Debit card: A debit card is linked directly to your checking or savings account. When you make a purchase using a debit card, the amount is deducted immediately from your bank account. You can only spend the funds that you have in the account.
C. Deposit: A deposit refers to the act of placing money or funds into a bank account. It does not necessarily involve deducting money from your account.
D. Credit score: A credit score is a numerical representation of your creditworthiness. It reflects your credit history, including your past borrowing and repayment patterns.
Based on the given options, the correct answer is B. A debit card allows you to make purchases with funds directly from your checking or savings account, resulting in immediate deduction of the money spent.