Which of the following statements best summarizes the relationship between debit cards and credit cards?
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(a) Neither debit cards nor credit cards can be considered money. (b) Only credit cards are considered money. (c) Only debit cards are considered money. (d) Both are considered money.
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Answer:
d --- debit cards take your money at time of purchase. credit cards allow you to defer payment until due without interest if paid on time in full. Both are considered your money, just a different way of parting with it.
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