Which answer best describes a credit card? O A. A credit card is a cheap way to borrow money. A credit card is a convenient way to pay for things sometimes and also O B. allows you to spend like you're a millionaire. OC. A credit card is a very expensive way to borrow money. OD. A credit card gives you unlimited spending.
Which answer best describes a credit card? O A. A credit card is a cheap way to borrow money. A credit card is a convenient way to pay for things sometimes and also O B. allows you to spend like you're a millionaire. OC. A credit card is a very expensive way to borrow money. OD. A credit card gives you unlimited spending.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 20
Which answer best describes a credit card?
OA. A credit card is a cheap way to borrow money.
A credit card is a convenient way to pay for things sometimes and also
OB.
allows you to spend like you're a millionaire.
OC. A credit card is a very expensive way to borrow money.
OD. A credit card gives you unlimited spending.
Save and Quit
If you make a late payment on a 0% interest credit card, you're only responsible
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Transcribed Image Text:Question 3
I should do my best to get a credit card from a company that will tell me both my
interest rate and my credit limit before I commit to taking the card.
True.
False.
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24
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2
4.
7
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b
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