Question

what is a key benefit of using debit cards for purchases? (1 point)
○ earn interest on purchases
○ improve a person’s credit rating
○ limit the amount of cash a person needs to carry
○ earn additional income from purchases

Explanation:

• "Earn interest on purchases" is incorrect because debit cards use the user's own money (from their bank account) for purchases, and purchases themselves don't earn interest. Interest is typically earned on savings in the account, not on the act of purchasing.
• "Improve a person's credit rating" is incorrect as debit card usage doesn't involve credit (since you're spending your own funds, not borrowing), so it doesn't impact credit ratings (which are related to credit usage like loans or credit cards).
• "Limit the amount of cash a person needs to carry" is correct. Debit cards allow users to make payments directly from their bank accounts, so they don't need to carry large amounts of physical cash, reducing the risk of loss or theft related to cash and providing convenience.
• "Earn additional income from purchases" is incorrect. Debit card purchases are transactions where you spend your money, not earn income. Some credit cards offer rewards, but debit cards generally don't provide income - generating benefits from purchases.

Answer:

C. Limit the amount of cash a person needs to carry