A payment made using a(n) _____ is equivalent to paying by cash.
A) retail credit card
B) debit card
C) affinity card
D) reward card
E) student credit card

Question

Quizplus · Accepted Answer

A debit card is linked directly to a person's bank account, so when a payment is made using a debit card, the funds are immediately deducted from the account, just like paying with cash. Retail credit cards, affinity cards, reward cards, and student credit cards are all different types of credit cards that require the user to pay back the money spent with interest, making them not equivalent to paying by cash.

A Payment Made Using A(n) _____ Is Equivalent to Paying