A prepaid card or coupon that may be presented for cost-free or reduced services is called a

A prepaid card or coupon that may be presented for cost-free or reduced services is called a

• A. Rebate
• B. Gift certificate
• C. Debit card
• D. Charge card

Answer: (B)

Prepaid vouchers that can be presented to cover all or part of a service are gift certificates. They are issued with a set value in advance and are redeemed at the time of service, potentially covering the full cost or providing a discount up to that value. A rebate is money returned after a purchase, not a prepaid voucher. A debit card withdraws funds from a bank account, and a charge card requires payment of the balance after use; neither is a prepaid certificate.

Prepaid vouchers that can be presented to cover all or part of a service are gift certificates. They are issued with a set value in advance and are redeemed at the time of service, potentially covering the full cost or providing a discount up to that value. A rebate is money returned after a purchase, not a prepaid voucher. A debit card withdraws funds from a bank account, and a charge card requires payment of the balance after use; neither is a prepaid certificate.