The ________ provides the same results as a check because it withdraws funds from a checking account.

Question

Quizplus · Accepted Answer

A debit card works like a check because it deducts funds from a checking account when a purchase is made using the card. Credit cards allow for borrowing on credit and must be paid back with interest, smart cards are preloaded with funds and must be reloaded when the balance is depleted, and a cashier's check is a guaranteed payment method but does not withdraw funds from a checking account.

The ________ Provides the Same Results as a Check Because