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.

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

How can credit card debt negatively impact your finances?a) It can increase your net worth. b) It can lead to high-interest charges if not paid off monthly. c) It can increase your credit score automatically. d) It can reduce your taxable income.

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.

Which is not a true statement about the disadvantages of certain methods of payment?Group of answer choicesYou may be at risk for hacking if you use online banking.You will not be able to make purchases online if you are paying with cash.You may be charged interest if you do not pay off your debit card balance each month.You may be charged an overdraft fee if you try to spend more on your debit card than is in your linked account.

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