Answer
The given statement is False. The correct statement is,“Money spent using a credit card is not deducted electronically from your bank account.”
Work Step by Step
A credit card is just a small plastic card which is issued by the bank but it allows customers to purchase goods and services on credit without deducting any amount from the bank.
A debit card is a substitute for cash balance or check. The amount of sale subtracted from saving account and it doesn’t allow credit facility at all.
Hence, the given statement is false.The correct statement is,“Money spent using a credit card is not deducted electronically from your bank account.”
