Which of the following electronically subtracts money from your savings or checking account to pay for goods and services?

Question

Quizplus · Accepted Answer

Only a debit card allows for electronic subtraction of funds directly from a savings or checking account. Credit cards and closed-end credit allow for borrowing money that must be paid back later, whereas gift cards and home equity loans are not directly linked to a checking or savings account for payment.

Which of the Following Electronically Subtracts Money from Your Savings