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Cole's skateboard broke while practicing a trick. So, he paid $44.95\$44.95 for a new skateboard using his debit card.\newlineWhich statement is true?\newlineChoices:\newline(A) $44.95\$44.95 will be taken from Cole's bank account immediately.\newline(B) $44.95\$44.95 will not be taken from Cole's bank account immediately. Instead, he can make monthly payments toward the amount and any interest he owes.

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Q. Cole's skateboard broke while practicing a trick. So, he paid $44.95\$44.95 for a new skateboard using his debit card.\newlineWhich statement is true?\newlineChoices:\newline(A) $44.95\$44.95 will be taken from Cole's bank account immediately.\newline(B) $44.95\$44.95 will not be taken from Cole's bank account immediately. Instead, he can make monthly payments toward the amount and any interest he owes.
  1. Understand Payment Method: Step 11: Understand the payment method used by Cole. He used a debit card to pay for the skateboard.
  2. Analyze Debit Card Transactions: Step 22: Analyze the nature of debit card transactions. When using a debit card, the amount is typically deducted from the bank account linked to the card immediately upon the transaction.
  3. Compare Choices Given: Step 33: Compare the choices given with the nature of debit card transactions. Choice (A) states that $44.95\$44.95 will be taken from Cole's bank account immediately, which aligns with how debit card transactions work. Choice (B) suggests a payment plan with monthly payments, which is not typical for debit card purchases.

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