A Disadvantage of Using Credit as a Source of Liquidity

question 73

Multiple Choice

A disadvantage of using credit as a source of liquidity is the

• A) inconvenience of using credit.
• B) potential cost of finance charges.
• C) acceptability of credit by creditors.
• D) poor records available after credit use.

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Definitions:

Biblical Teachings

Concepts, moral guidelines, and stories derived from the Bible, which serve as a foundation for Christian beliefs and behaviors.

Escape To Freedom

The act of fleeing from captivity or oppression to a state of liberty, often used in the context of slaves escaping bondage.

Maryland

A U.S. state characterized by its rich history, including influential roles in the early colonial period, the American Revolution, and the Civil War.