Credit Has Its Advantages and Disadvantages

question 84

Multiple Choice

Credit has its advantages and disadvantages. Which of the following is false?

• A) Credit cards should be used with discipline.
• B) You should spend up to the limit on all your credit cards.
• C) Cash advances are available through a credit card.
• D) Bankruptcy is the worst-case scenario from poor credit management.

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Definitions:

Bar Charts

Graphical representations of data using bars of different lengths or heights to compare values across categories.

Pie Charts

A type of graph in which a circle is divided into sectors that each represent a proportion of the whole.

Nominal Data

Data classified into categories that cannot be ordered or ranked, used for labeling variables without a quantitative value.

Frequency

The number of times an event or value occurs in a dataset, often represented in a frequency distribution table or histogram.