Which of the following is not a reason for the popularity of credit cards?
A)Convenience.
B)It can be used to even out flows of expenditures.
C)It is an alternative to holding large cash balances.
D)Bank loans are more costly for amounts under a few thousand dollars when fixed costs and transaction costs are included.
E)All of the above are reasons for the popularity of credit cards.

Question

Quizplus · Accepted Answer

All the options listed (A, B, C, D) are indeed reasons why credit cards are popular. They offer convenience, allow users to manage their cash flow, serve as an alternative to carrying cash, and can be more cost-effective than small bank loans due to lower transaction and fixed costs.

Which of the Following Is Not a Reason for the Popularity