American_Bankers_Association
CTFA · Question #86
Specially coded plastic cards used to transfer funds from a customer's bank account to the recipient's account to pay for goods or services.
The correct answer is B. Debit cards. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
Specially coded plastic cards used to transfer funds from a customer's bank account to the recipient's account to pay for goods or services.
Options
- ACredit cards
- BDebit cards
- CAutomated Teller machine
- DNone of these
How the community answered
(41 responses)- A7% (3)
- B78% (32)
- C12% (5)
- D2% (1)
Topics
#debit cards#electronic funds transfer#deposit accounts#payment instruments
Community Discussion
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