Using a credit card can best be likened to
A) taking out a loan.
B) a barter exchange.
C) using currency only as a means of payment.
D) using any other form of money as a means of payment.

Question

Quizplus · Accepted Answer

Using a credit card is essentially borrowing money from the card issuer to make a purchase, which is similar to taking out a loan. The cardholder later pays back the borrowed amount, often with interest if not paid in full by the due date.

Using a Credit Card Can Best Be Likened to