Which of the following best describes the use of credit cards?

Question

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Credit cards are a financial tool that allows consumers to borrow funds up to a certain limit to purchase goods and services. The borrowed amount is then paid back at a later date, often with interest if not paid back in full by a specified period. This mechanism essentially postpones the payment of money, rather than eliminating the use of money or being considered as money (narrow or broad definition) or near-money.

Which of the Following Best Describes the Use of Credit