Which modern payment method allows for transactions without immediate cash exchange?

Bartering

Bitcoin

Credit cards

Physical cash

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

Answer and Solution

C. Credit cards

Credit cards allow for purchases to be made without immediate cash exchange by borrowing from the bank, thus facilitating modern payments.

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

What is a key factor that limits access to formal credit?

In what way can modern money reduce the problem of double coincidence of wants?

Why is it necessary for banks to exist within a modern economy?

Which of the following digital tools promotes cashless transactions?