__________ facilitates borrowing funds to pay for purchases.

Credit Card

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Debit Card

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Passbook

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None of the above

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Solution

The correct option is A Credit Card
Credit Card facilitates borrowing funds to pay for purchases. It can be used for shopping, hotel reservations, and so on.

Suggest Corrections

Similar questions

A Treasury Bill is basically

(a) An instrument to borrow short-term funds

(b) An instrument to borrow long-term funds

(d) None of the above

1600

State True or False. Credit card is a payment card which enables a purchase by money borrowed from the card issuer.

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