Final answer:
A credit card involves a lending institution allowing a consumer to borrow money and then pay it back each month.
Step-by-step explanation:
The correct option from the given choices is credit card. A credit card is a lending institution that allows a consumer to borrow money and then pay back some or all of it each month. When a consumer makes a purchase using a credit card, they are essentially borrowing money from the credit card company. They can then choose to pay back the full amount or make minimum monthly payments until the balance is cleared.