If you use your ______ to make a purchase, you are obtaining a short-term loan from your financial institution.
A) checking account deposit
B) certificate of deposit
C) MasterCard or Visa
D) currency

Question

Quizplus · Accepted Answer

When you use a MasterCard or Visa to make a purchase, you are essentially borrowing money from the issuing financial institution to pay for the item, which you are expected to repay under the terms of your credit card agreement. This is considered a form of short-term loan.

If You Use Your ______ to Make a Purchase, You