Asked by Mallory Connell on Jul 07, 2024
Verified
Al is considering making a purchase from an online merchant.Discuss the relative advantages Al has if he uses a credit card or a debit card for the purchase.
Online Merchant
A business or individual that sells goods or services over the internet.
Credit Card
A payment card issued by a financial institution allowing the cardholder to borrow funds for the purchase of goods and services with the promise to repay the borrowed amount along with any agreed-upon fees.
Debit Card
A card used to electronically subtract money from a bank account to pay for goods or services.
- Evaluate the advantages and risks of using credit and debit cards, especially in online transactions.
Verified Answer
Learning Objectives
- Evaluate the advantages and risks of using credit and debit cards, especially in online transactions.
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