What is the primary function of a credit card?(1 point) Responses It allows a borrower to use funds from a financial institution and repay them later It allows a borrower to use funds from a financial institution and repay them later It allows one financial institution to borrow money from another financial institution. It allows one financial institution to borrow money from another financial institution. It minimizes the amount of debt that borrowers can accrue. It minimizes the amount of debt that borrowers can accrue. It allows a borrower to spend as much money as they desire.

Answer 1

The primary function of a credit card is to allow a borrower to use funds from a financial institution and repay them later.