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Question
“Buy now pay later” is the motto of a ______.
Options
ATM
Debit Card
Credit Card
None of these
MCQ
Fill in the Blanks
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Solution
“Buy now pay later” is the motto of a Credit Card.
Explanation:
“Buy now, pay later” is the motto of a credit card because it allows the cardholder to make purchases immediately but defer payment to a later date, often with a credit limit set by the bank or card issuer. This facility provides convenience and short-term credit to the user, unlike debit cards or ATMs which require immediate availability of funds in the account.
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