Select the aspect(s) below that are a benefit of a credit card use.You can select more than one answer.A.It allows buyers to postpone the actual payment of the goods and services,  and without paying interest in some circumstances.B.It provides a free automatic loan for the sellers of the goods and services.C.It permits to activate the money in the term deposit account.D.It allows the buyers to acquire goods and services  without using their transactional bank account

Which is NOT a positive reason for using a credit card to finance purchases?Paying it off on time can help build your credit historyYou will get charged high interest.You can get rewards and discounts.You can buy something you need now and pay for it after pay day.

What is an advantage of debit and bank credit cards over offering customers credit terms?Select answer from the options belowreceipt of cash is guaranteedthere are no fees associated with accepting bank credit cardsthere are no advantages to bank credit or debit cardsmore sales would be made if only credit terms were offeredSave for LaterSubmit Answer

What is a significant disadvantage of using a credit card?a) Earn rewards points. b) Build a credit history. c) High interest rates on unpaid balances. d) Offers purchase protection.

Making purchases with a credit card means that you're borrowing money with interest, and ______ pay much higher interest rates.College graduatesOld peopleRich peopleYoung people

Why is credit a helpful tool for businesses and consumers?A.It allows them to borrow money that can be paid back later.B.It prevents banks from charging them interest on loans.C.It rewards them for saving a large percentage of their earnings.D.It keeps their money safe and easily accessible in a bank.