Ian buys a phone in Jiffy Mart, using the means that accounts for more retail payments than any other. This means of payment is
A) a commercial check.
B) a debit card.
C) a personal check.
D) cash.

Question

Ian buys a phone in Jiffy Mart, using the means that accounts for more retail payments than any other. This means of payment is​
A) ​a commercial check.
B) ​a debit card.
C) ​a personal check.
D) ​cash.

Quizplus · Accepted Answer

Debit cards are currently the most commonly used means of payment in retail transactions, followed by credit cards and cash. Personal checks and commercial checks make up a smaller percentage of payments. Therefore, the most likely choice for Ian's payment method is a debit card.

Ian Buys a Phone in Jiffy Mart, Using the Means