Which of the following is an advantage of using credit?
A)It increases the need to cover cash flow shortages.
B)It increases the number of cheques written.
C)It does not affect your cash flow statement.
D)It reduces the need to carry cash.

Question

Quizplus · Accepted Answer

Using credit reduces the need to carry cash, which can be inconvenient and potentially unsafe. Credit allows for electronic transactions and the ability to make purchases without having cash on hand.

Which of the Following Is an Advantage of Using Credit