Credit cards

Name: Credit cards
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Credit cards

Quizplus · Accepted Answer

Credit cards allow individuals to defer payments by borrowing money for purchases and paying back the balance at a later date. Credit cards are not a store of value, which refers to an asset that can be saved and used as a future means of payment, such as cash or gold. While credit cards have led to a wider use of electronic currency, they have not had a significant impact on the use of physical currency.

Credit Cards