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Which of these is least costly for you? O a debit card O a check drawn on a bank O a credit card ●cash

Which of these is least costly for you? O a debit card O a check drawn on a bank O a credit card ●cash

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject :- Accounting 

Which of these is least costly for you? O a debit card O a check drawn on a bank O a credit card cash Check my work Why are the others more expensive? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box. accepting checks often requires a photo ID, and taking time to check them increases the merchant's time costs. the merchant does not know for sure whether funds are available in either the check writer or debt card user's account. If they are not additional time and effort are needed to try and recover payment payment via credit card requires a credit check by the merchant, which is expensive and time-consuming. the merchant must pay a fee to the issuer of the credit card to secure payment.
Transcribed Image Text:Which of these is least costly for you? O a debit card O a check drawn on a bank O a credit card cash Check my work Why are the others more expensive? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box. accepting checks often requires a photo ID, and taking time to check them increases the merchant's time costs. the merchant does not know for sure whether funds are available in either the check writer or debt card user's account. If they are not additional time and effort are needed to try and recover payment payment via credit card requires a credit check by the merchant, which is expensive and time-consuming. the merchant must pay a fee to the issuer of the credit card to secure payment.
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