Economics · Banking and Digital Transactions
Which of the following is NOT a typical or standard method for utilizing a credit card?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Deploying the credit card account to systematically pay off regular long-term mortgage loan principal balances.✓
- 2Withdrawing currency notes directly from automated teller machines (ATMs) via cash advance features.
- 3Conducting online commercial purchases using credit card details and digital authorization codes.
- 4Swiping or tapping a credit card at a Point of Sale (PoS) terminal to purchase groceries.
Correct answer
Deploying the credit card account to systematically pay off regular long-term mortgage loan principal balances.
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