Question

1. what financial product am i? i am a type of credit card that requires cardholders to make a security deposit equal to the credit limit on their account. due to this deposit requirement, i am often a good choice for young people looking to establish a credit history.

a. standard credit card
b. secured credit card
c. overdraft credit card
d. rewards credit card

Explanation:

A secured credit card requires a security deposit equal to the credit limit. This makes it a good option for those (like young people) building credit history as it's less risky for the issuer. A standard credit card doesn't require such a deposit. An overdraft credit card is about allowing account overdrafts. A rewards credit card focuses on giving rewards (like cash - back, points) for spending.

Answer:

B. Secured credit card