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Gwar [14]
3 years ago
6

This is an accepted form of payment for many goods. However, it is actually a type of loan issued by the financial institution t

o an individual for use in the purchase of a good or service, but with additional interest payments included that the borrower must pay back.
Social Studies
2 answers:
Aneli [31]3 years ago
8 0

Answer:

This is an accepted form of payment for many goods. However, it is actually a type of loan issued by the financial institution to an individual for use in the purchase of a good or service, but with additional interest payments included that the borrower must pay back.

  • CREDIT CARD.

Explanation:

A credit card is a plastic <em>card issued by a financial company and allows its owner the option to borrow money from the issuer.</em>

This allows credit card <u>holders to pay for products or services without having cash or a check. (</u>Credit cards = short-term financing).

Credit card holders <em>have the ability to borrow a certain amount of money from the credit card issuer; normally a financial entity such as a bank, to be paid within the next 30 days without interest.</em>

The majority of all credit card issuers charge a high interest if the holder does not pay the loan in the stipulated time, at the end of the month normally.

Harrizon [31]3 years ago
6 0

Answer:

credit  card

Explanation:

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