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Financial Literacy

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Multiple Choice

What is the difference between a credit card and a debit card?

  1. A credit card allows you to borrow money, while a debit card deducts money directly from your checking account.
  2. A credit card has a higher interest rate than a debit card.
  3. A credit card can be used to make purchases online, while a debit card cannot.
  4. A credit card is more secure than a debit card.
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