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Loans & Lending Practices MCQs

Why have credit cards become a popular method of payment?

Because no credit history is required to get a credit card

Because they are inexpensive

Because regular loans are no longer available to everyday consumers

Because they enable a person to make purchases without having any money at the time of the purchases

Answer

Correct Answer: Because they enable a person to make purchases without having any money at the time of the purchases

Explanation:

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