Using a credit card can best be likened to
A)withdrawing money from a savings account.
B)using any other form of money, because you can immediately take the goods you purchase home.
C)writing a cheque on your chequable deposit.
D)taking out a loan.
E)a barter exchange.

Question

Quizplus · Accepted Answer

Using a credit card is essentially taking out a loan, as you are borrowing money from the credit card company to make purchases that you will later repay with interest.

Using a Credit Card Can Best Be Likened to