Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Withdraws funds directly from the user's account at the time of use.

Question

Quizplus · Accepted Answer

Debit cards withdraw funds directly from the user's account at the time of use. Cash equivalent refers to any asset that can be easily converted to cash, Bank reconciliation is the process of comparing a company's bank statement with its own financial records, Petty cash is a small amount of cash that a company keeps on hand for daily expenses, and Credit cards allow users to borrow money to make purchases and pay back the debt over time.

Listed Below Are Five Terms Followed by a List of Phrases