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Which Statement Based on Textbook Discussion Is True About Debit

Question 1

Multiple Choice

Which statement based on textbook discussion is true about debit or credit cards?


A) A debit card draws against either an account the user has with a financial institution or a prior payment of money made to the card issuer.
B) Credit card transactions provide the greater profit to financial institutions.
C) Debit cards provide greater protection as a matter of law to the consumer.
D) Debit and credit cards are treated identically by the law.

Correct Answer:

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