By paying cash for a purchase, you:
A) forgo the opportunity to keep the cash in an interest-bearing account.
B) always get a cash discount.
C) can build a better credit rating.
D) get better personal service from store employees.
E) have a better selection of goods than if you use credit.

Question

Quizplus · Accepted Answer

By paying cash for a purchase, you are forgoing the opportunity to keep the cash in an interest-bearing account. When you keep your money in an interest-bearing account, you earn interest on the money instead of spending it all at once. Therefore, paying cash may not be the best choice for everyone.

By Paying Cash for a Purchase, You