Question

Which of the following is true? A. Checks are the most widely accepted form of payment B. Debit cards offer the highest level of fraud protection. C. Checks and Debit Cards both withdraw money directly from a bank account. D. Debit Cards often have a higher interest rate than Credit Cards.

Answer 1

The answer is C. . Checks and Debit Cards both withdraw money directly from a bank account
Option A is false because Cash is the most accepted form of payment, not checks.
Option B is false because both debit and credit cards offer similar level of fraud protection.
Option D is false because credit card interest rate tend to be higher compared to debit card