Concept
How do credit cards function as borrowing rather than money?
IntroductionToBusiness OP 8D04gAa / 15.2. The Federal Reserve System*
"Credit cards are a form of borrowing. When a bank issues a credit card to a consumer, it gives a short-term loan to the consumer by directly paying the seller for the consumer’s purchases. The consumer pays the credit card company after receiving the monthly statement. Credit cards do not replace money; they simply defer payment."
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