Question

Pablo has purchased several items from a gadget store. As the storekeeper bills the items, Pablo realizes that he does not have enough money in his bank account to make the payment. In these circumstances, Pablo can use his _____, which would allow him to make the purchase now and clear the balance later.

Answer 1

Options:

A. Debit card

B. Loyalty card

C. Fleet card

D. Credit card

Answer: D. Credit card

Explanation: A credit card is an electronic payment system which uses cards that are linked to a bank account, this card allows you to make purchases online in order to pay later.

A credit card allows its holders to borrow money from financial institutions with the aim of not exceeding the Financial limits. Financial limits are determined by the issuers of the card based on a person's credit history and amount of minimum savings which are expected.