Future Business Leaders of America (FBLA) Business Calculations Practice Test

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Dive into the FBLA Business Calculations Test. Sharpen your analytical skills with multiple-choice questions and gain insights with detailed explanations. Excel in your exams!

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What is required when using a debit card?

Having a credit card
A savings account
A PIN
A high credit score

The correct answer is: A PIN

When using a debit card, entering a Personal Identification Number (PIN) is usually necessary to authenticate the user and authorize the transaction. This security measure helps protect against unauthorized use of the card. The PIN acts as a safeguard that ensures that only the individual who has the card and knows the correct code can successfully complete a transaction. In many cases, a debit card is directly linked to the user's checking or savings account, allowing for the direct withdrawal of funds for purchases or cash withdrawals without needing a credit card or a high credit score. The requirement for a PIN distinguishes debit card transactions from those made with credit cards, which often require either a signature or a secure verification process that does not involve a PIN.