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Debit cards are linked to checking accounts and transfer funds directly, differing from credit cards. They are part of the money supply as they use existing funds in accounts.
Debit cards allow individuals to transfer funds directly from a checkable account to a merchant without writing a check, unlike credit cards. While debit cards are connected to the user's bank account and utilize the available funds, credit cards provide a short-term loan from the credit card company. Debit cards are considered part of the money supply as they represent actual funds in a checking account.
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