Explain the differences between a debit and a credit card
A debit card deducts the amount of a purchase directly from your checking account. The transactions are essentially cash transactions. Its use is not dependent on any coding. Debit cards draw against an account the user has with a financial institution or a prior payment of money the user has made to the card issuer. They do not involve an extension of credit. Instead of "pay later," they represent "pay now.".If the debit card is stolen, federal law limits the holder's maximum liability to $50 if the card loss is reported within two days of discovery. After two days, liability increases to $500; if the card loss is not reported within sixty days, the liability can be unlimited. Credit card liability is limited to $50 . If credit card charges are unauthorized, the consumer still has the money while working on the problem and contesting the charges. With a debit card, the consumer must workwith the bank to get the money back.
You might also like to view...
Ted is writing a business request for his boss and is worrying about whether he should send his message by hard copy or e-mail. Also, Ted is not sure when to send his request. Ted is worrying about the _________ of his message.
a. timing b. delivery c. purpose d. language
ERISA (Pension Reform Act of 1974 ) provides guidance for
A) accumulated benefit obligation. B) actual return on plan assets. C) minimum funding during the year. D) projected benefit obligations.
A functional résumé is ineffective when most of your work experience is part-time and does not relate to the position that you seek
Indicate whether the statement is true or false
Which of the following statements is not true?
a. Creative ideas never come out of the blue. b. Ideas often emerge during activities unrelated to the enterprise. c. Answers usually come to an individual incrementally. d. Creative individuals allow their subconscious to mull over information.