Question

Which of the following card allow spending money only up to the balance in your account? 1 point · Debit Card · Credit Card · Visa Card · Master card

Answer 1

Answer:

credit card

Explanation:

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Answer 2

Debit Card

Debit Card of the following card allow spending money only up to the balance in your account.

• Debit card users have the option to make purchases up to the amount of available balance in their accounts using this feature.
• When a consumer uses a debit card to pay for goods or services, money is instantly taken out of their account, similar to how a pre-paid card works. Customers can use debit cards to pay with their savings, eliminating the need for cash or physical cheques. Customers can frequently use the same card for both credit and debit transactions.
• Transactions are quick, simple, and handy when using debit cards. You can receive cash using debit cards. They enable you to make ATM withdrawals and serve as dual-purpose ATM cards.
• When a debit card is used, the money is taken right away from the user's checking account. These cards, which are also known as "check cards" or "bank cards," can be used to pay for products and services, withdraw cash from an ATM, or top up your purchase at a store that allows it.
• There are primarily two types of automated teller machines (ATMs). One is a straightforward, entry-level device that lets you withdraw money, check your balance, change the PIN, obtain brief statements, and get account updates. Depositing cash or checks, opening credit lines, and paying bills are all available in the more advanced units.

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