4.7 Discuss the Ideas /17 1. Indicate if the statement presents credit as an advantage (A) or a disadvantage (D). > Credit eliminates the need to carry large quantities of cash._ > Credit available through a store's credit card cannot be used in other stores therefore discouraging comparative shopping.. > Credit allows the immediate possession of goods to be paid over a period of time. > Credit allows the consumer to take advantage of sales opportunity. > In the event of non-payment, credit may lead to the loss of property. > Credit helps in dealing with financial emergencies. > Credit encourages impulse buying.. > Credit may increase your debt load so that you cannot save for the future. > Credit increases the overall price of goods. (Most credit card companies charge retailers a 3% fee. This fee is added to the cost of all items in the store.), > Easily available credit may encourage poor buying decisions.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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/17
4.7 Discuss the Ideas
1. Indicate if the statement presents credit as an advantage (A) or a
disadvantage (D).
> Credit eliminates the need to carry large quantities of cash._
> Credit available through a store's credit card cannot be used in other
stores therefore discouraging comparative shopping..
> Credit allows the immediate possession of goods to be paid over a period
of time. .
> Credit allows the consumer to take advantage of sales opportunity.
> In the event of non-payment, credit may lead to the loss of property.
> Credit helps in dealing with financial emergencies. .
> Credit encourages impulse buying.
> Credit may increase your debt load so that you cannot save for the future.
> Credit increases the overall price of goods. (Most credit card companies
charge retailers a 3% fee. This fee is added to the cost of all items in the
store.).
> Easily available credit may encourage poor buying decisions.
Transcribed Image Text:/17 4.7 Discuss the Ideas 1. Indicate if the statement presents credit as an advantage (A) or a disadvantage (D). > Credit eliminates the need to carry large quantities of cash._ > Credit available through a store's credit card cannot be used in other stores therefore discouraging comparative shopping.. > Credit allows the immediate possession of goods to be paid over a period of time. . > Credit allows the consumer to take advantage of sales opportunity. > In the event of non-payment, credit may lead to the loss of property. > Credit helps in dealing with financial emergencies. . > Credit encourages impulse buying. > Credit may increase your debt load so that you cannot save for the future. > Credit increases the overall price of goods. (Most credit card companies charge retailers a 3% fee. This fee is added to the cost of all items in the store.). > Easily available credit may encourage poor buying decisions.
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