Scenario #1
You get a weekly allowance of $30 from your parents that is automatically transferred into your checking account. Tomorrow you are going to see a movie with your best friend which you often do. Your movie ticket and snacks cost $22, What is the best payment option for this scenario?

Questions:
Will you use cash, check, Prepaid card, Debit card, Credit card or P2P?
Why did you choose that payment option?
What are other possible payment decisions you can make?

Answers

Answer 1

I will use a debit card because my parents add my allowance to my checking account. Other possible payment decisions I can make are to use a check.

Answer 2

The correct option in the given scenario is to use the debit card because the interest rate in the checking accounts is low, and the another method to another method for payment is checks.

What is debit card?

A debit card is a kind of credit card. Means that the money can be withdrawn or the cost of acquisitions pay off straight from the holder's bank account without any payment of interest.

It is used in the checking accounts for the withdrawing of money, without giving the payment of interest. It is the simple and more quick way to make payments in comparison to the another cards and instruments.

The payment can be made by the other possible payment decisions like checks.

Therefore, debit card is mostly used by the checking account holders.

Learn more about the debit card, refer to:

https://brainly.com/question/1169716


Related Questions

A bank will not require security in the form of collateral as a guarantee the loan will be repaid.


True

False

Answers

the answer is so true

NEED HELP ASAP. WILL GIVE BRAINLIEST

How do limited resources affect a nation's decision to engage in international trade?

Answers

Answer:

it affects growth and population          

Explanation:

George deposited $2,000 in his bank account, which offers 5 percent compound interest
calculated annually. What would be the principal amount available in George's account at
the end of two years?
There would be a principal amount of $
of 2 years.
in George's account at the end
O 2.100
0 2.000
02.005
O 2.205

Answers

Answer:

2205

Explanation:

annual compound interest formula

PV(1+i)ⁿ

we have

2000(1+.05)²

=2205

Answer:

2205

Explanation:

plato

When a team agrees on the level of performance expected by each member, they have a _____.


shared standard

collaborative effort

unified commitment

team structure
THE ANSWER IS SHARED STANDARD

Answers

Answer:

shared standard

Explanation:

Teamwork refers to the collective approach towards the completion of a common goal. Methods and sources are agreed upon by each member of the team and the focus is relied on the achievement of the goal. Each individual works together and extend their efforts collectively. Shard standard refers to the level of acceptance on a particular point that each team member  agrees on. Merging at a certain point is very essential part of teamwork. Disagreement among the team members may cause the team work fall behind.

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