Question

which is an example of a credit transaction? (1 point)
making an atm withdrawal
a gym membership automatically charged a credit card on the 21st of each month
writing a check for tuition payment
paying for gas at the pump with a debit card

Explanation:

To determine a credit transaction, we analyze each option:

• "Making an ATM withdrawal" uses a debit card (accesses own funds) or cash, not credit.
• "A gym membership automatically charged a credit card on the 21st of each month" involves using a credit card, where the cardholder borrows money (credit) to pay and repays later, so this is a credit transaction.
• "Writing a check for tuition payment" uses funds from a checking account (own funds), not credit.
• "Paying for gas at the pump with a debit card" uses own funds (debit card accesses checking/savings), not credit.

Answer:

B. a gym membership automatically charged a credit card on the 21st of each month