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Quincy surprised his little brother with tickets to see a monster truck rally. He used his credit card to pay $90\$90 for the tickets.\newlineWill the money come out of Quincy's bank account the same day?\newlineChoices:\newline(A)yes\newline(B)no

Full solution

Q. Quincy surprised his little brother with tickets to see a monster truck rally. He used his credit card to pay $90\$90 for the tickets.\newlineWill the money come out of Quincy's bank account the same day?\newlineChoices:\newline(A)yes\newline(B)no
  1. Payment Method: Quincy used his credit card to pay for the tickets, so we need to determine if the transaction will immediately affect his bank account balance.
  2. Credit Card Authorization: When a purchase is made with a credit, the charge is authorized and the amount is held by the credit card company, but it does not immediately withdraw funds from the linked bank account. The actual transfer of money typically occurs when the credit card company processes the payment, which can take a few days.
  3. Timing of Bank Account Withdrawal: Therefore, the money for the tickets will not come out of Quincy's bank account on the same day he made the purchase.

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