9
QuizLong Text

Credit and Interest

Question 9 • FL-2106010-M/J Civics B

Compare the advantages and disadvantages of using cash instead of a credit card to obtain goods and services.

Answer

Answer:

Using cash can help you avoid credit card debt, interest, and card-related fees, and it makes it easier to limit spending to the money you have. Cash is also widely accepted for small purchases. However, carrying cash can be inconvenient, and it can be lost or stolen; cash purchases may also have fewer protections if something goes wrong. Credit cards are convenient and may offer rewards or purchase protections, but unpaid balances can lead to interest and debt.

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