Question

Martin used his credit card to buy a new bike. Which statement is true? Martin borrowed money to buy the bike. Martin paid cash at the store. Martin used money from his checking account. Martin saved money over time.

Answer 1

it be the first one because when you use a credit card you borrow money that you pay back each month which you pay the bank

Answer 2

Martin used his credit card to buy a new bike. Using credit card is a type of debt on a person that he has borrowed from the bank and he has to pay that in a certain defined period of time. Credit card usage is also described as a short term loan that you use to purchase things.

Hence, Martin borrowed money to buy the bike is the right answer.