Debit cards are the electronic equivalent of a check, but neither debit cards nor checks are money.

Name: Debit cards are the electronic equivalent of a check, but neither debit cards nor checks are money.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Debit cards and checks are both methods of accessing and transferring funds, but they do not hold value in and of themselves. They are simply tools for accessing and transferring money that is stored elsewhere.

Debit Cards Are the Electronic Equivalent of a Check, but Neither