Which of the following statements are true? Select the two correct answers. Responses A) credit cards are the same as debit cards B) store credit cards co-branded with visa, Mastercard, discover can be used anywhere that those cards are accepted C) bank issue credit cards and debit cards D) a credit card from a bank is linked to the user’s checking account E) you can never use a store credit card anywhere else
Which of the following statements are true? Select the two correct answers. Responses A) credit cards are the same as debit cards B) store credit cards co-branded with visa, Mastercard, discover can be used anywhere that those cards are accepted C) bank issue credit cards and debit cards D) a credit card from a bank is linked to the user’s checking account E) you can never use a store credit card anywhere else
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Which of the following statements are true? Select the two correct answers.
Responses
A) credit cards are the same as debit cards
B) store credit cards co-branded with visa, Mastercard, discover can be used anywhere that those cards are accepted
C) bank issue credit cards and debit cards
D) a credit card from a bank is linked to the user’s checking account
E) you can never use a store credit card anywhere else
Expert Solution
The following statement is not entirely true:
E) You can never use a store credit card anywhere else. Store credit cards can only be used at the store or chain of stores that issued the card. However, as mentioned earlier, some store credit cards are co-branded with payment networks like Visa or Mastercard, which means they can be used anywhere that accepts those payment networks.
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