ECONOMICS (CBSE/UGC NET)

ECONOMICS

CREDIT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Before using credit you should ask yourself is using credit worth it for this purchase?

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -Your payment history makes up a large percentage of your credit score, so it’s important that you utilize your card effectively. Using your credit card regularly is a simple way to start making consistent payments in order to build your credit.

Detailed explanation-2: -Many consumers turn to credit when faced with unexpected home or auto repairs, as well as medical emergencies. Credit also offers convenience, enabling you to rent a car or hotel room or buy tickets over the phone or online.

Detailed explanation-3: -Using credit means you borrow money to buy something. You borrow money (with your credit card or loan). You buy the thing you want. You pay back that loan later – with interest.

Detailed explanation-4: -What will be the actual cost if I can’t pay if off in full? Can I save up enough to pay cash if I wait a few weeks? Will using a credit card help if I need to return the item or extend the warranty? MasterCard. Will I get my money’s worth? 15-Feb-2013

There is 1 question to complete.