selecting a credit card
What Is Credit?
Before you sign up for a credit card, it's important to understand how credit works. What exactly is credit?
Credit is a way to gain goods and services without having to pay full price.
Credit is a means of doing business where you promise to pay at a later date for goods and services you receive today.
Credit makes it possible to acquire goods and services now and wait as long as you wish to pay for them.
The correct answer is "B." Each time you use a credit card, you are borrowing money. The money you owe must be repaid based on the terms you agreed to when you obtained the credit card.