Perhaps the greatest disadvantage of credit use is the
A)loss of financial flexibility in personal money management.
B)risk of overspending.
C)reduction in future buying power due to finance charges.
D)possibility of getting a poor credit reputation.

Question

Quizplus · Accepted Answer

The greatest disadvantage of credit use is the loss of financial flexibility in personal money management. This is because when you use credit, you are borrowing money that you will have to repay later, with interest. This can make it difficult to budget and save money, and can lead to financial problems if you are not careful.

Perhaps the Greatest Disadvantage of Credit Use Is the