12
QuizMultiple Choice

Macroeconomics — Test

Question 12 • Economics

People might choose to use a debit card rather than cash for purchases because

Answer
A
they do not want to carry around large amounts of cash.
B
their banking institutions charge high fees for cash withdrawals.
C
most items cost less when purchased with a debit card.
D
debit cards have a higher value than cash and can buy more.

Explanation

A debit card lets someone pay directly from their bank account without carrying cash. This can be safer and more convenient, especially if they would otherwise need to carry a large amount of money. Debit cards do not generally make items cost less or have greater purchasing power than the same amount of cash.

AI-written and checked against the verified answer.

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