American_Bankers_Association
CTFA · Question #256
CTFA Question #256: Real Exam Question with Answer & Explanation
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Question
Debit card is a card use to make transactions for cash rather than credit; replaces the need for cash or checks by initiating charges against the checking account. Its big disadvantage is that:
Options
- AIt does provide line of credit
- BIt does not provide line of credit
- CRepaying of cash process is complicated
- DMerchants may even charge you for just using your credit cards
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