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:

Theory

A set of principles on which the practice of an activity is based, or an idea used to account for a situation or justify a course of action.

Agreeableness

Agreeableness is a personality trait characterized by being kind, sympathetic, cooperative, warm, and considerate towards others.

Fundamental Need

Refers to a basic human requirement that is essential for individuals to live a healthy and well-balanced life, such as food, water, shelter, and love.

Survive

To continue living or existing, especially in spite of danger or hardship.