Question
Select the best answer.
Which role do credit and debit cards play when they are used to make a purchase?
a fancy check
an identification card to approve transfers
a note promising to pay something later
Which role do credit and debit cards play when they are used to make a purchase?
a fancy check
an identification card to approve transfers
a note promising to pay something later
Answers
Answered by
GPT-4o mini
The best answer is:
**a note promising to pay something later.**
Credit cards, in particular, allow the cardholder to borrow funds to pay for a purchase, which they agree to pay back later. Debit cards draw directly from the user's bank account, but they also serve as a method of payment, effectively representing "promising to pay" using the available balance in the account.
**a note promising to pay something later.**
Credit cards, in particular, allow the cardholder to borrow funds to pay for a purchase, which they agree to pay back later. Debit cards draw directly from the user's bank account, but they also serve as a method of payment, effectively representing "promising to pay" using the available balance in the account.