Which of the following will allow for the transfer of money between accounts in order to allow an individual to make retail purchases,without increasing funds at the individual's disposal?
A) Smart cards
B) Blink cards
C) Debit cards
D) E-commerce cards
E) Credit cards

Question

Quizplus · Accepted Answer

Debit cards allow for the transfer of money between accounts, but only spend what is already available in the linked account. This means the individual cannot increase the amount of funds they have access to, but can make purchases with the funds they already have. Smart cards, Blink cards, and E-commerce cards are not specifically designed for transferring funds between accounts, and credit cards allow for borrowing and increasing funds, which is not what is being asked for in the question.

Which of the Following Will Allow for the Transfer of Money