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When you use a[n] __ card, the money used to purchase goods or services is electronically deducted from your checking account. When you write a(n) __ you are transferring money from your bank account to a specified person or business While collision insurance covers losses to your car from an accident, __ coverage pays for most noncollision damage to your car __ funds are investment companies that raise money and then pool it together to invest in stocks, bonds or other investments __ is the promise of a payment in case of a loss, such as a housefire Drag answer here Drag answer here Drag answer here Drag answer heré Drag answer here debit insurance mutual check comprehensive

Question

When you use a[n] __ card, the money
used to purchase goods or services is
electronically deducted from your
checking account.
When you write a(n) __ you are
transferring money from your bank
account to a specified person or
business
While collision insurance covers losses to
your car from an accident, __ coverage
pays for most noncollision damage to
your car
__ funds are investment companies that
raise money and then pool it together to
invest in stocks, bonds or other
investments
__ is the promise of a payment in case of
a loss, such as a housefire
Drag answer here
Drag answer here
Drag answer here
Drag answer heré
Drag answer here
debit
insurance
mutual
check
comprehensive

When you use a[n] __ card, the money used to purchase goods or services is electronically deducted from your checking account. When you write a(n) __ you are transferring money from your bank account to a specified person or business While collision insurance covers losses to your car from an accident, __ coverage pays for most noncollision damage to your car __ funds are investment companies that raise money and then pool it together to invest in stocks, bonds or other investments __ is the promise of a payment in case of a loss, such as a housefire Drag answer here Drag answer here Drag answer here Drag answer heré Drag answer here debit insurance mutual check comprehensive

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RoryElite · Tutor for 8 years

Answer

1. "Debit" for the card that is electronically deducted <br />2. "Check" for the transfer of money<br />3. "Comprehensive" for the coverage of non-collision damages <br />4. "Mutual" for funds raised and used in investments <br />5. "Insurance" for the promise of a payment.

Explain

## Step1: <br />The question requires understanding the specific characteristics of various financial styles or methods. It involves matching proper financial terminologies to the correct situation described.<br /><br />## Step2:<br />"When you use a(n) card, the money used to purchase goods or services is electronically deducted from your checking account." This description fits the function of a debit card best. The direct link to the purchaser's checking account reflects the characteristics of a debit card, whereby the money spent is immediately deducted from the personal balance.<br /><br />## Step3: <br />"When you write a(n) ... you are transferring money from your bank account to a specified person or business." This fits the definition of a check, where the amount specified on the document is directly transferred to the receiving party upon presented and cashed into the bank.<br /> <br />## Step4: <br />"While collision insurance covers losses to your car from an accident - ___ coverage pays for most noncollision damage to your car." Comprehensive is likely the correct choice. Comprehensive car insurance typically covers damage to a car that isn't caused by a collision, like damage from natural disasters, theft or vandalism.<br /><br />## Step5: <br />"...funds are investment companies that raise money and encompass it together to invest in stocks, bonds or other investments." This sounds exactly like the definition of the mutual funds, where the resources are pooled together purchased widely across multiple types of investments. <br /><br />## Step6: <br />"...is the promise of a payment in case of a loss, such as a house fire". Here, it makes sense to select the term "Insurance", which is a financial plan designed to offset the costs of potential damages or loss, and covers a range of scenarios, including a house fire.
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