In an electronic debit payment plan,the purchase price _____.
A)must be paid by the consumer at the time the bill is received
B)must be paid by the consumer within 10 days of the time the bill is received
C)is immediately deducted from a consumer's bank account and transferred to a retailer's account
D)can be financed through many different payment plans

Question

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In an electronic debit payment plan, the purchase price is immediately deducted from a consumer's bank account and transferred to a retailer's account. This means that the consumer does not have to physically make a payment or wait for a specific due date to make the payment.

In an Electronic Debit Payment Plan,the Purchase Price _____