20. What describes how a debit card works?

A. Can be used instead of cash.
B. Can be used at an ATM.
C. Money is transferred immediately from your account.
D. All of the above.



Answer :

Final answer:

Debit cards enable direct electronic transfers from bank accounts, unlike credit cards. They use real money from the holder's account, enhancing financial control and convenience.


Explanation:

Debit cards allow individuals to transfer money electronically, directly from their bank accounts to make purchases. This money is real money from the cardholder's account, unlike credit cards which involve borrowing money from the credit card company. Debit cards are linked to the cardholder's checking account, providing a convenient and secure way to make transactions.


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