Question

Which of the following is not a disadvantage of using credit instead of cash? a. Credit cards increase the likelihood of impulse buying. b. Credit cards can be used to increase your credit score. c. Credit cards generally come with interest and other fees that cash does not. d. Credit cards require a good credit rating and responsible credit maintenance. Please select the best answer from the choices provided A B C D

Answer 1

The correct answer is b. Credit cards can be used to increase your credit score.

Step-by-step explanation:

The correct answer is b. Credit cards can be used to increase your credit score.

While there are several disadvantages of using credit instead of cash, such as increasing the likelihood of impulse buying and charging interest and fees, credit cards can actually be used to improve your credit score. When you use a credit card responsibly by making payments on time and keeping your credit utilization low, it can demonstrate to lenders that you are a responsible borrower and can help increase your overall creditworthiness.

Having a good credit rating and responsible credit maintenance, as mentioned in option d., is actually an advantage when using credit cards.

Answer 2

B: Credit cards can be used to increase your credit score. (EDGE)