Of the Following Statements, Which Is Not an Advantage of Using

question 40

Multiple Choice

Of the following statements, which is not an advantage of using credit?

• A) Using credit wisely creates stability and allows you to establish a favorable credit history.
• B) Buying today and paying tomorrow seems ideal, but continual spending can lead to financial problems.
• C) Using credit is safe since using charge accounts and credit cards when you shop and travel is safer than carrying large amounts of cash.
• D) Credit cards permit the purchase of goods even when cash funds are low.

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Definitions:

Brokerage

The act of acting as an intermediary between two or more parties in a negotiation, transaction, or arrangement.

Liaison

A person or role responsible for establishing and maintaining communication between different groups or organizations.

Veil of Ignorance

A method of determining the morality of issues proposed by philosopher John Rawls, implying decisions should be made without knowledge of one's own position in society.

Common Good

The benefit or interests of all participants or members of a community or society considered as a whole.