A principal problem with using credit is the opportunity cost of being less able to save and invest.

Name: A principal problem with using credit is the opportunity cost of being less able to save and invest.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When using credit, individuals are spending money they do not have, which can lead to less money available for saving and investing. This means that there is an opportunity cost of not being able to earn potential returns on these savings and investments.

A Principal Problem with Using Credit Is the Opportunity Cost