A card authorizing the user to buy goods and services with funds borrowed from the bank, store, or other business that issued the card.

A card authorizing the user to buy goods and services with funds borrowed from the bank, store, or other business that issued the card.

• A. Debit Card
• B. Credit Card
• C. Bank
• D. Saving

Answer: (B)

Credit cards let you buy goods and services using funds borrowed from the issuing bank, store, or business up to a credit limit. You repay what you borrow, often with interest if you don’t pay in full each billing cycle. This is what sets them apart from debit cards, which draw directly from your own bank account and don’t involve borrowing. A bank or saving account isn’t a card that enables purchases on credit—it’s a financial institution or account type, not a payment card. So the description fits a credit card.

Credit cards let you buy goods and services using funds borrowed from the issuing bank, store, or business up to a credit limit. You repay what you borrow, often with interest if you don’t pay in full each billing cycle. This is what sets them apart from debit cards, which draw directly from your own bank account and don’t involve borrowing. A bank or saving account isn’t a card that enables purchases on credit—it’s a financial institution or account type, not a payment card. So the description fits a credit card.