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. 

Answer 1

Option A

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