Which of the following is true of credit cards?
A) They are a cheaper way to finance your education.
B) They are an efficient way to keep track of purchases.
C) They are an effective way of controlling the amount of debt the consumer incurs.
D) They are less convenient than carrying cash or writing a check.

Question

Quizplus · Accepted Answer

The danger of a credit card is the flip side of its convenience. Too often, consumers buy goods and services that they would not normally buy if they had to pay cash or write a check on funds in the bank. Consumers often pile up debts they are unable to pay. One advantage of credit cards is that they are an efficient way to keep track of purchases.

Which of the Following Is True of Credit Cards