Answered

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Question 5 (Multiple Choice)

A credit card is an example of a:

A. prepaid card
B. mobile payment
C. revolving loan
D. installment loan

Sagot :

GinnyAnswer

Final answer:

A credit card is a revolving loan where the credit card company immediately pays for purchases, creating a short-term loan for the customer that needs to be paid at the end of the month.


Explanation:

A credit card is an example of a revolving loan. When a customer uses a credit card to make a purchase, the credit card company immediately pays the store and records the loan on the customer's account. The customer then pays off this loan at the end of the month.


Learn more about Credit Cards here:

https://brainly.com/question/30940802


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