Question

Which statement is NOT true? Credit cards and debit cards can both be used to make purchases. Paying with a debit card is like taking out a loan, and paying with a credit card is like using cash. Debit cards take money out of your account now, and credit cards use money that you pay back later. Credit cards and debit cards can both be used when you don't have enough cash for a purchase.

Answer 1

the statement which is not true is-
paying with debit cards is like taking out a loan and paying with a credit card is like using a cash

Answer 2

Answer:

Paying with a debit card is like taking out a loan, and paying with a credit card is like using cash. This statement is NOT true.

Step-by-step explanation:

Because that statement is given vice versa

• Charges on a credit card are made against a line of credit rather than the account holder's cash deposits, making it a special kind of payment card. When someone makes a purchase using a credit card, a debt is accumulated on their account that has to be paid off each month.
• Your bank issues debit cards, which function as a hybrid of an ATM card and a credit card. A debit card, as contrast to a credit card, is linked directly to your bank account and uses the funds you have there to make purchases or withdraw cash from an ATM online.

#SPJ3