Credit cards a. are a method of deferring payment, and people who have credit cards hold...

Credit cards

a. are a method of deferring payment, and people who have credit cards hold less money on average.

b. are a method of deferring payment, and people who have credit cards hold more money on average.

c. are a medium of exchange, and people who have credit cards hold less money on average.

d. are a medium of exchange, and people who have credit cards hold more money on average.

Solutions

Expert Solution

Option A

Explanation: Credit cards provide an option to spend now and pay later.

Rahul Sunny answered 2 years ago

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