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.

Question

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.

Quizplus · Accepted Answer

Credit cards allow people to defer payment, reducing the need to hold large amounts of cash, so they typically hold less money on average.

Credit Cards