ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Anyone who is prone to overspending, missing bill payments or paying only the monthly minimum may be better off sticking to cash. Financing won’t do you much good if it ends up generating late fees or mounting interest costs.
Detailed explanation-2: -This can mean paying in full later or by instalments over a short period of time. Buying things in this way is the same as using a loan, even when no interest is charged. You might be offered a form of credit in department stores, car dealerships or online to pay for. goods and services.
Detailed explanation-3: -Buying on credit can also make your purchases more expensive, considering the interest you may pay on them. Getting into too much debt can not only hurt your credit score but strain relationships with family and friends.
Detailed explanation-4: -You’ll have an easier time renting an apartment. You’ll get the best rates on car and homeowners insurance. It’s cheaper to borrow money. You’ll be better prepared for the future. You can access perks and enjoy the best rewards. More items