The principal distinction between a credit card and a debit card is that
A) credit cards are made of plastic and have customer information imbedded on a magnetic strip
B) debit cards do not extend credit
C) credit cards may be used to buy goods and services
D) debit cards are used in lieu of check overdrafts
Correct Answer:
Verified
Q40: Government National Mortgage Association is
A) a division
Q41: Real Estate Investment Trusts tend to special
Q42: Private mortgage insurance is used to
A) reduce
Q43: Retail banking refers to
A) providing banking services
Q44: Credit cards are one example of
A) open-end
Q46: The merchant's credit card discount is based
Q47: Credit card fee income comes from
A) late
Q48: Convenience use of credit cards refers to
A)
Q49: Which of the following are noninstallment loans?
Q50: Federal Reserve Regulation Z requires
A) banks to
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