Which method of payment is likely to be the least expensive in the long run?
A)bank credit card
B)check written on a home equity line of credit
C)cash
D)store credit card
E)cash advance on a Visa credit card

Question

Quizplus · Accepted Answer

Cash is likely to be the least expensive method of payment in the long run as there are no fees or interest charges associated with using it. However, it may not be as convenient or secure as other methods of payment. Use of credit cards or lines of credit may result in fees and interest charges if not paid off in full each month. Store credit cards and cash advances on credit cards may also have high interest rates and fees associated with them.

Which Method of Payment Is Likely to Be the Least