Rather than receiving a paycheck, Marissa authorizes his employer to deposit his pay directly into his account at the Mortonville Bank. Her bank also provides her with a card she uses to shop. The retailer uses the card to transfer money from Marissa's account to the store's account.

Question

Quizplus · Accepted Answer

Marissa is using a debit card, which allows her to access funds directly from her checking account at Mortonville Bank. The transactions made using the card are essentially electronic withdrawals from her account.

Rather Than Receiving a Paycheck, Marissa Authorizes His Employer to Deposit