Which of the following is true of credit cards?

Question

Quizplus · Accepted Answer

Credit cards are used to postpone the payment of money, allowing the cardholder to make purchases now and pay for them at a later date. This is different from eliminating the payment of money, as the cardholder will ultimately need to pay their credit card bill. Credit cards are not considered a form of money, and are not included in the narrow definition of money. While some credit cards may provide access to money via a cash advance feature, they do not typically provide access to money via a checking account.

Which of the Following Is True of Credit Cards