135
QuizMultiple Choice

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Question 135 • 26-27 Ignite Technical Math-Financial Math - MA2007

In what way is a debit card similar to a check?

Answer
A
You must always provide a signature to use either.
B
Both always take a few days to clear, so there is some float time until the payment goes through.
C
Both pull money directly from a checking or savings account.
D
Both charge interest on the purchases you make with them.

Explanation

A debit card and a check both use money from an account you already have, such as a checking account. A debit card payment is usually deducted electronically, while a check may take longer to process, so they do not always have the same clearing time. Neither one inherently charges interest on purchases.

AI-written and checked against the verified answer.

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