Jayden opened a savings account in a bank, and the bank issued him a card that can be used for various transactions. As Jaden does not prefer carrying cash all the time, he mostly uses the card to pay for all his purchases. His transactions are thus cashless, and the purchase amount is immediately deducted from his bank account. In this case, Jayden is using a _____.

A. credit card
B. debit card
C. stored-value card
D. fleet card


Answer: B

Business

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What will be an ideal response?

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