Which best describes how a credit card works?
The credit card company extends you a line of credit. You then pay a small percentage of the cost of those purchases in one annual payment.
The credit card company extends you a line of credit. You purchase "stuff" and the purchase gets directly paid with funds in your checking account.
The credit card company extends you a line of credit. This is free money that you can use to purchase the "stuff" that you need.
The credit card company extends you a line of credit. You purchase "stuff" and then have the choice to pay the balance in full or a minimum payment each month.

The credit card company extends you a line of credit. You purchase "stuff" and then have the choice to pay the balance in full or a minimum payment each month.

This is the only one that makes sense because of the last sentence which you have the choice to pay in full or a minimum payment

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topeadeniran2 topeadeniran2 · Answer 2 · 2021-11-09T12:31:53+01:00

The option that best describes how a credit card works is D. The credit card company extends you a line of credit. You purchase "stuff" and then have the choice to pay the balance in full or a minimum payment each month.

It should be noted that a credit card company typically extends a line of credit to an individual.

Then the individual can purchase "stuff" and then have the choice to pay the balance in full or a minimum payment each month.

In conclusion, the correct option is D.

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