26
QuizMultiple Choice

Using a Debit Card

Question 26 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Which of the following most accurately describes when a debit card transaction takes effect?

Answer
A
The transaction is completed almost immediately after making the purchase.
B
The transaction takes two to three business days to clear.
C
All debit card transactions are processed simultaneously at the end of the day.
D
Debit card transactions are completed when you pay your monthly debit card bill.

Explanation

When you pay with a debit card, the bank typically authorizes the purchase almost immediately and reduces the amount available in your account. The final processing may take longer, but the transaction takes effect much sooner than waiting several business days or a monthly bill.

AI-written and checked against the verified answer.

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