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When You Pay for Your $74 Purchase at the Grocery

Question 80

Multiple Choice

When you pay for your $74 purchase at the grocery store with a debit card, you are


A) withdrawing $74 from your bank account with which you pay for your groceries.
B) transferring $74 of currency from your bank account to the grocery store's bank account.
C) transferring your claim on $74 worth of gold to the grocery store.
D) essentially promising the grocery store that your bank will pay them $74 at the end of the month when debts are settled.
E) electronically transferring $74 of deposit money from your bank account to the grocery store's bank account.

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