Question

In: Economics

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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