Which of the following represent the use of credit?

Question

Quizplus · Accepted Answer

Mortgages involve borrowing money from a lender and paying back the loan with interest over a specific period of time. This is a form of credit.

Answer: E
 Debit cards are linked to a personal checking account and allow the holder to make purchases or withdraw cash, but the funds are immediately deducted from the account. While not technically a form of credit, some debit cards do allow overdraft protection which can be a form of credit.

Which of the Following Represent the Use of Credit