Statement I: The first bank credit cards were issued by Bank of America in 1958.
Statement II: Credit cards are only pieces of plastic,not money.

Question

Quizplus · Accepted Answer

Statement I is true as Bank of America indeed issued the first bank credit cards in 1958, known as BankAmericard, which later became Visa. Statement II is also true because credit cards themselves are not money but represent the cardholder's agreement to pay the issuer for the amounts charged, plus any agreed-upon charges.

Statement I: the First Bank Credit Cards Were Issued by Bank