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:

Components

Individual parts or elements that make up a larger whole, system, or assembly.

Environmental Factors

External elements such as climate, geography, social conditions, and culture that can affect individuals' behaviors, development, and survival.

Group Processes

The dynamic interactions and mechanisms that occur within a group, influencing its structure, decision-making, and member behavior.

Ideal Space

An optimal physical or psychological environment tailored to the specific needs or preferences of individuals or groups.