A card authorizing the user to access his or her own funds on deposit in a bank account; a debit card can be used to buy goods and services or to withdraw money directly from an account.

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Multiple Choice

A card authorizing the user to access his or her own funds on deposit in a bank account; a debit card can be used to buy goods and services or to withdraw money directly from an account.

Explanation:
A debit card lets you access funds stored in your bank account, so you can pay for goods and services or withdraw cash directly from the balance you already have. Because transactions pull money straight from your own funds, you’re spending money you actually own at the moment of the purchase or withdrawal. This distinguishes it from a credit card, which lets you borrow money and repay later, and from a bank or saving in the sense that they’re institutions or account types rather than the payment instrument itself.

A debit card lets you access funds stored in your bank account, so you can pay for goods and services or withdraw cash directly from the balance you already have. Because transactions pull money straight from your own funds, you’re spending money you actually own at the moment of the purchase or withdrawal. This distinguishes it from a credit card, which lets you borrow money and repay later, and from a bank or saving in the sense that they’re institutions or account types rather than the payment instrument itself.

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