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Which best describes how a credit card works? The credit card company extends you a line of credit. You then pay a small percentage of

  1. Which best describes how a credit card works?
  2. The credit card company extends you a line of credit. You then pay a small percentage of the cost of those purchases in one annual payment.
  3. The credit card company extends you a line of credit. You purchase "stuff" and the purchase gets directly paid with funds in your checking account.

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