Debit cards
A)defer payments.
B)are equivalent to credit cards.
C)are included in M2.
D)are used as a method of payment.

Question

Quizplus · Accepted Answer

Debit cards are used as a method of payment, allowing the user to withdraw funds directly from their bank account or make purchases without having to carry cash. Unlike credit cards, debit cards do not defer payments or accrue interest. Debit cards are not included in M2, as they are considered part of the monetary base.

Debit Cards