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Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. Which statement accurately supports her argument?

People would pay less in interest fees.

People would have greater protection in case of emergencies.

People would need to save for many years to buy a home or open a business.

People would support the economy through purchases of more goods and services.

User Vahdet
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2 Answers

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Answer:

The awnser is A

Step-by-step explanation:

User Blubase
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The correct answer is A) People would pay less in interest fees.

Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. The statement that accurately supports her argument is "People would pay less in interest fees."

The problem when using credit interests. And believe or not, oftentimes people do not consider this factor. If you have a permanent income, it is understandable to use credit to pay in the long run. But if something happens and you do not have that income for your monthly payments, the debt is going to affect you. That is why Jessica would be better off if financial institutions stopped issuing credit.

User Bali Balo
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