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Q: Which of the following happens when you use your debit card at a machine designed to read it? a. Your card sends a message to your bank to transfer money from your checking account directly into the
store’s bank account. b. Your bank receives notice that funds need to be withdrawn from your checking or savings account at the end of the business day. c. Your bank immediately pays the funds required to the store and then invoices you for the amount on your next bank statement. d. Your bank confirms that money is available in your account and then adds this amount to an electronic transfer of funds that it wires to the store each week.
A: When you use your debit card at a machine designed to read it, d. [ Your bank confirms that money is available in your account and then adds this amount to an electronic transfer of funds that it wires to the store each week. ]
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Asked 12/31/2013 7:30:59 AM
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