Debit card is a card use to make transactions for cash rather than credit; replaces the need for cash or checks by initiating charges against the checking account. Its big disadvantage is that:

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It does provide line of credit

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It does not provide line of credit

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Repaying of cash process is complicated

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Merchants may even charge you for just using your credit cards

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Question 292 - CTFA discussion

Suggested answer: A

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