Question

What is a credit card?

a) Credit card relates to the reduction in the cardholder's checking account balance at the time that the card is used.
b) Credit card is a payment card that deducts money directly from a consumer's checking account to pay for a purchase.
c) Credit cards are issued by banks and they are a form of debt that enable you to buy things on the spot without the need to save.
d) Credit cards allow bank customers to spend money by drawing on funds they have deposited at the bank.

Answer 1

Answer:

option B is the answer

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Answer 2

Answer:

credit card is a payment card that deducts money directly from a consumer's checking account to pay for a purchase