A cash advance is what type of short term financial service?

Question

Quizplus · Accepted Answer

A cash advance is typically associated with a credit card. It allows the cardholder to withdraw cash up to a certain limit, which is usually lower than the card's credit limit. The cash advance amount is added to the cardholder's balance and carries a higher interest rate than regular purchases, making it a short-term loan with high-interest rates. Savings, chequing, and investment accounts are not associated with cash advances, and cash availability is not a recognized financial service.

A Cash Advance Is What Type of Short Term Financial