Question

Consumers often use ________ as a popular substitute for cash payments due to the convenience and wide acceptance by merchants, as well as the ability to pay for purchases at a later date.

Answer 1

The correct answer is Credit cards.

What is a Credit card?

A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit. It enables customers to make purchase transactions on goods and services. The credit card limit is determined by the credit card issuer based on factors such as income and credit score, which also decides the credit limit.

The advantages of credit card are:

1. Hassle-free shopping experience.
2. No need to carry cash.
3. Rewards, cashback, and offers.
4. Widely accepted.

To Learn more about credit score visit the link:

brainly.com/question/25668115?referrer=searchResults

#SPJ4