Answered: Explain the disadvantages of using a…

Business

Finance

Explain the disadvantages of using a credit card instead of a prepaid debit card.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Comments
SB3 Mather X
m.com/courseware-delivery//ua/69158/45467532/aHR0cHM6Ly9mMi5hcHAUZWRtZW50dWouY29tL2xlYXJuZXItdWkvc2Vjb25kYXJ5L3VzZXItY
Unit Activity: Mathematical Models and Consumer Finance
Respond to each question below in two to three complete sentences. Each question is worth four points.
Directions X
LearnerPri X
Space used (includes formatting): 0 / 15000
Part A
Explain the disadvantages of using a credit card instead of a prepaid debit card.
BIU X² X₂ 15px
15px
G Determine X
AV
G The balan X
✔B
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Part B
Beatrix is interested in using a debit card. She is considering opening a bank account that allows her use of a debit card.
However, Beatrix's friend recommends getting a prepaid debit card. Beatrix decides to get the prepaid debit card because it will
save her the trouble of setting up a checking account. Evaluate Beatrix's decision and justify your answer.
BIUX² X₂
A
EVE
Apr 3
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