What Is the Fundamental Function of Credit Cards

question 14

Multiple Choice

What is the fundamental function of credit cards?

• A) Credit cards are used for deferring payments.
• B) Credit cards are used as store of value.
• C) Credit cards are used for increasing the money supply.
• D) Credit cards are used as investment assets.

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Definitions:

Mission Statement

A concise explanation of an organization's purpose and core values, intended to guide its decisions and actions.

Key Stakeholders

Essential individuals or groups that have an interest, stake, or investment in the success of a project or organization.

Inspiring Vision

A compelling and motivational future scenario created by leaders to guide and unify organizational efforts towards achieving strategic goals.

Film-Photography

A method of capturing images by exposing a light-sensitive material coated onto a film base to light or other electromagnetic radiation.