Shira's Exciting Financial Adventure!
What is Shira trying to decide between?
Shira is trying to decide between getting a debit card, a prepaid debit card, and a credit card.
Which statement is true?
(2 Points)
O All 3 cards are completely different
O Debit cards and prepaid debit cards are the same
O Debit cards and credit cards are the same
O All 3 cards are completely the same
Answer:
All 3 cards are completely different
Shira is embarking on an exciting financial adventure as she tries to decide between getting a debit card, a prepaid debit card, and a credit card. Each type of card offers its own unique features and benefits.
A debit card is linked directly to a checking account and allows the cardholder to make purchases using the funds available in the account. On the other hand, a prepaid debit card requires the cardholder to load money onto the card before making purchases, making it a convenient budgeting tool. Lastly, a credit card allows the cardholder to make purchases on credit, with the promise to repay the amount borrowed at a later date.
It's important for Shira to consider her spending habits, financial goals, and the features of each card before making a decision. By exploring her options, Shira can choose the card that best suits her needs and helps her achieve her financial goals. With the right card in hand, Shira can confidently navigate the world of personal finance and enjoy the perks that come with responsible card usage.