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

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 1CE: Match the following words with their definitions by entering the correct number in the spaces below....

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Why it can be dangerous to provide credit card information over the internet? Does it stop the risk if you only use credit card at local business?
Imagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would consider in making your selection. make a brief description of each attribute and how you would use it to select a credit card. Where would you file a complaint if the issuer of the credit card you select later treats you unfairly?
As a helpful amenity for customers making electronic payments, certain credit card issuers provide credit card numbers that can only be used once. Users are required to visit the website of their credit card provider in order to get a number with a single usage. In comparison to the more conventional methods of doing online credit card transactions, what are the benefits of using this technology? In terms of the benefits and drawbacks, how does it contrast with verification via an electronic payment gateway?
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Which of the following credit checks would be considered a soft check? A. Vehicle loan application B. job application C. student loan application D. Credit card application I don't need explanation just the answer :)
Match the following words with their definitions by entering the correct number in the spaces below. 1.deposit ticket 2.ATM 3.check 4.bank statement 5.blank endorsement _____ a.A document ordering a bank to pay cash from a depositors account. _____ b.An endorsement where the payee simply signs the back of the check, making the check payable to any bearer. _____ c.Automated teller machinea machine used by depositors to make withdrawals or deposits at any time. _____ d.A statement of account issued by a bank to each depositor once a month. _____ e.A form showing a detailed listing of items being deposited.
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Credit cards provide consumers with what is known as revolving credit. True or false
Aside from a checkbook, many checking accounts nowadays come with an ATM or debit card for withdrawals, point-of-sale (POS) transactions, and off-line payments. True False
In sap, Which of the following outgoing payments will not require manual entry of bank account?a. Cashb. Credit Cardc. Checkd. Bank Transfer
Which of the following is true about credit cards? A) when you use one, the money is taken directly from your bank account B) they usually charge a lower interest rate than debit cards C) they are issued by networks such as visa D) you can run up huge debt if you don’t pay the balance off quickly