Multiple choice general knowledge

What is a Credit Card

  1. A Loan That has to be paid Off every Month

  2. An Arrangement by which you can buy something now, with a promise that you will pay in the future

  3. A money substitute for items that you cannot afford

  4. All of the Above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A credit card is a borrowing arrangement allowing immediate purchases with deferred payment. Its not a loan that must be paid monthly that describes charge cards. Option C is incorrect because its not for unaffordable items its for convenience.

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