11
QuizMultiple Choice

Understanding Credit

Question 11 • Personal Finance - EL3403

Kenya used a debit card to buy a pair of jeans. Which statement is true about her method of payment?

Answer
K
Kenya used money directly from her bank account to buy the jeans.
K
Kenya borrowed the money to buy the jeans.
K
Kenya did not have enough money in her bank account to buy the jeans.
K
Kenya will pay for the jeans over time.

Explanation

A debit card usually takes money directly from the cardholder’s bank account to pay for a purchase. Therefore, Kenya used money directly from her bank account to buy the jeans. Borrowing money or paying over time describes credit, not a typical debit card purchase.

AI-written and checked against the verified answer.

Previous
Next