Of the following statements, which is not an advantage of using credit?
A) Using credit wisely creates stability and allows you to establish a favorable credit history.
B) Buying today and paying tomorrow seems ideal, but continual spending can lead to financial problems.
C) Using credit is safe since using charge accounts and credit cards when you shop and travel is safer than carrying large amounts of cash.
D) Credit cards permit the purchase of goods even when cash funds are low.

Question

Quizplus · Accepted Answer

Statement B is not an advantage of using credit; instead, it highlights a potential disadvantage or risk associated with the misuse of credit, which is the possibility of leading to financial problems due to continual spending.

Of the Following Statements, Which Is Not an Advantage of Using