Multiple choice

Which of the following statements is correct in respect to Credit Cards?

  1. It is a source of revolving credit.
  2. It is one of the means for obtaining cash.
  3. It is a mean for payment of goods and services.

  1. 1

  2. 2

  3. 1 and 2

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Credit cards allow for revolving credit, can be used to withdraw cash (cash advance), and are a standard payment method for goods and services.

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