Credit Cards Have All of the Following Advantages, Except

question 7

Multiple Choice

Credit cards have all of the following advantages, except

• A) they allow you to borrow cash interest free for 60 days.
• B) you can make purchases without carrying cash.
• C) you obtain free financing until the bill is due.
• D) you receive an itemized monthly statement.

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Definitions:

Legal Tying

Refers to a potentially prohibited practice where a seller requires the purchase of an unwanted item or service in order to buy the desired item.

Fee Simple Absolute

The highest and most complete form of property ownership, granting the owner unlimited rights to the property.

Property Rights

Legal rights to own, use, and dispose of assets, including real estate and personal property.

Land

The surface of the earth and any attached natural or man-made structures, considered as property.