Which of the following statements is true with regard to credit cards?
A) Credit cards require more time.
B) Credit cards require more cognitive activity.
C) Credit cards require more effort.
D) Credit cards entail low interest rates.
E) Credit cards make a purchase seem less expensive.

Question

Quizplus · Accepted Answer

Credit cards make a purchase seem less expensive because consumers do not have to physically hand over cash or see the amount leaving their account immediately. This can lead to overspending and accumulating debt.

Which of the Following Statements Is True with Regard to Credit