Delayed payment of bills by consumers is not possible with _____.
A)credit card systems
B)bank-based credit cards
C)debit card systems
D)retailer-based credit cards

Question

Quizplus · Accepted Answer

Debit card systems directly access the consumer's bank account, and therefore, the payment is deducted immediately. Delayed payment is not possible with this system. Credit card systems and retailer-based credit cards both allow for delayed payment, while bank-based credit cards may vary depending on the issuer's policies.

Delayed Payment of Bills by Consumers Is Not Possible with _____