Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam 2025 - Free CAMS Practice Questions and Study Guide

A debit card is primarily used for purchasing goods and services, which makes it a convenient payment method for everyday transactions. When using a debit card, the funds are directly withdrawn from the cardholder's bank account, allowing for immediate payment. This feature is particularly appealing for consumers who prefer to avoid debt by only spending what they have available in their checking account.

Other choices, while relevant to financial transactions, do not align with the primary function of a debit card. Drawing funds from an investment account typically involves a different process, often requiring more formal transactions. Lines of credit are associated with credit cards or loans, where the spender borrows money rather than using their existing funds. Lastly, contributing to retirement accounts involves specific financial instruments and accounts designed for long-term savings, which debit cards are not meant for.