7
QuizMultiple Choice

Understanding Credit — Quiz

Question 7 • Personal Finance

Simon used a credit card to buy a skateboard. Which statement is true about his method of payment?

Answer
A
Simon will receive the bill later.
B
Simon made the purchase with money he saved.
C
Simon used money directly from his bank account.
D
Simon paid cash at the store.

Explanation

A credit card lets Simon buy the skateboard now and pay the credit card company later. This means he will receive a bill for the purchase afterward. He did not pay with saved money, directly from his bank account, or with cash at the store.

AI-written and checked against the verified answer.

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