You are at the checkout counter at the local supermarket, use your debit card to pay for your groceries, and select "credit" when the cashier asks "debit or credit?" where does the money for this purchase come from?.

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21-09-2022
Business

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You are at the checkout counter at the local supermarket, use your debit card to pay for your groceries, and select "credit" when the cashier asks "debit or credit?" where does the money for this purchase come from?.

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zhellaley zhellaley · Answer 1 · 2022-09-23T11:23:49-04:00

This transaction will be funded by a direct debit from your checking account.

An account with a financial institution called a checking accounts both deposits and withdrawals. Checking accounts, also known as demand accounts or transactional accounts, are relatively liquid and can be accessed in a variety of ways, including through cheques, automated teller machines (ATMs), and electronic debits.

In contrast to other bank accounts, a checking account typically allows limitless withdrawals and deposits, whereas savings accounts might occasionally impose restrictions on both. Having a checking account is advantageous for anyone who frequently has to withdraw money or conduct transactions from a bank account.

Learn more about checking account https://brainly.com/question/17014586

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