What form of payment is directly tied to a customer's bank account?
A.
Cash
B.
Gift certificate
C.
Debit card
D.
Credit card
C. Debit card
The form of payment that is directly tied to a customer's bank account is option C, a debit card.
The correct answer is C. Debit card.
To determine the answer, you need to understand the different payment methods and their connections to a customer's bank account.
1. Cash: Cash is physical currency and does not involve any direct connection to a customer's bank account. It is a form of payment using paper bills and coins.
2. Gift certificate: A gift certificate is essentially a voucher that can be used as a form of payment at a specific retailer or business. It is not directly tied to a customer's bank account.
3. Debit card: A debit card is directly linked to a customer's bank account. When a payment is made using a debit card, the funds are immediately deducted from the connected bank account. It allows customers to make electronic payments or withdraw cash from ATMs, directly accessing their available funds in their bank account.
4. Credit card: A credit card is not directly tied to a customer's bank account. Instead, it is a form of borrowing money from a credit card issuer. The issuer provides a line of credit, and the customer can use the card to make purchases up to that credit limit. The credit card holder receives a monthly statement and is required to make payments to repay the borrowed amount with interest, whether in full or in partial amounts.
In conclusion, debit cards are directly tied to a customer's bank account, making them the form of payment that is linked to a customer's bank account.