The most commonly used forms of credit by consumers are loans and credit cards.
Correct Answer:
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Q4: Convenience use of credit is common.
Q5: Credit cards allow repeated use of credit
Q6: Credit use increases future buying power.
Q7: The APR expresses the cost of credit
Q8: Interest is the charge for the privilege
Q10: Credit cannot be used to own expensive
Q11: The Truth in Lending Act requires lenders
Q12: Advantages of credit use include increased protection
Q13: The lower the annual percentage rate of
Q14: A principal problem with using credit is
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