Which of the following allows you to make purchases now and to defer the payment into the future?
A)credit card
B)debt card
C)cashless card
D)debit card

Question

Quizplus · Accepted Answer

A credit card allows you to make purchases and defer the payment into the future. Essentially, you are borrowing money from the credit card company and paying them back at a later date, typically with interest. Debit cards, on the other hand, simply use the funds that are currently in your bank account at the time of purchase. Cashless cards and debt cards are not common terms and do not necessarily refer to a specific type of payment card.

Which of the Following Allows You to Make Purchases Now