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

Question

Quizplus · Accepted Answer

Using a credit card is like taking out a loan because you are essentially borrowing money from the credit card issuer to make a purchase. You then have to pay back that borrowed amount, often with interest.

Using a Credit Card Can Best Be Likened to