Question

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Advantages of Using Credit
•People can use credit cards to buy something they want now and pay for it later. If they pay it off right away, they will not have to pay interest!
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•Disadvantages of Using Credit
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Answer 1

Answer:Advantage:It is a quick source of funds in emergency. Disadvantages:Free charged for late payment,some credit cards can become expensive,high interest rate,it encourages impulse buying.

Step-by-step explanation: