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One payment method involves borrowing money from a lender in order to make a purchase, with the intention of paying the lender back over time, usually with interest.

A) Cash payment
B) Credit card payment
C) Installment payment
D) Online payment

1 Answer

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Final answer:

The payment method that involves borrowing money from a lender and repaying over time, usually with interest, is a Credit card payment.

Step-by-step explanation:

The payment method described in the question involves borrowing money from a lender to make a purchase and intending to pay the lender back over time, typically with interest. The correct answer is B) Credit card payment. Using a credit card essentially means obtaining a short-term loan from the credit card company, which immediately transfers money to the seller's account. The user then owes the credit card company the borrowed amount. This is a common form of payment especially for expenses such as college tuition, where students borrow money and repay it once they are financially able.

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