Question

what makes debit cards useful for everyday financial transactions? (1 point)
○ generates additional personal income
○ limits amount of cash you carry
○ creates automatic credit history
○ provides unlimited spending power

Explanation:

• "Generates additional personal income" is incorrect because debit cards use funds from the linked account, not generate income.
• "Limits amount of cash you carry" is correct. Debit cards allow users to make transactions without carrying large amounts of cash, reducing the need for physical currency.
• "Creates automatic credit history" is incorrect as debit cards are linked to checking/savings accounts, not credit, so they don't build credit history (credit cards do that).
• "Provides unlimited spending power" is incorrect because debit card spending is limited by the available balance in the linked account.

Answer:

B. Limits amount of cash you carry