ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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debit card
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credit card
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a checking account
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a saving account
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Detailed explanation-1: -Rewards credit cards. Secured credit cards. Low-interest credit cards. Cashback credit cards.
Detailed explanation-2: -In its non-physical form, a credit card represents a payment mechanism which facilitates both consumer and commercial business transactions, including purchases and cash advances. A credit card generally operates as a substitute for cash or a check and most often provides an unsecured revolving line of credit.
Detailed explanation-3: -Interest rates on credit cards usually range from 2.5% to 3.5% per month. However, this may vary from issuer to issuer and also from one card to another.
Detailed explanation-4: -There are essentially two types of credit cards: general credit cards and retailer credit cards.