What is the fundamental function of credit cards?
A) Credit cards are used for deferring payments.
B) Credit cards are used as store of value.
C) Credit cards are used for increasing the money supply.
D) Credit cards are used as investment assets.

Question

Quizplus · Accepted Answer

The fundamental function of credit cards is to provide a means for individuals to make purchases on credit, deferring payment until a later date. This allows for more flexibility in spending and can help individuals manage their financial resources more easily.

What Is the Fundamental Function of Credit Cards