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QUESTION IMAGE

you used your credit card to buy flowers at the florist. the dollar amo…

Question

you used your credit card to buy flowers at the florist. the dollar amount of the purchase is
○ deducted immediately from your checking account.
○ converted to a bill that the florist sends to you later in the month for payment.
○ added to your credit card balance for you to pay at a later date.

Explanation:

Brief Explanations

To solve this, we analyze credit card mechanics:

  • A credit card purchase isn’t deducted from a checking account (that’s a debit card).
  • The florist doesn’t send a bill for credit card purchases (the credit card issuer manages billing).
  • Credit card purchases add to the balance, paid later.

Answer:

C. added to your credit card balance for you to pay at a later date.