QUESTION IMAGE
Question
which of the following can cost you money in large interest payments?
○ a debit card
○ a credit card
○ a checking account
○ a savings account
Brief Explanations
A credit card allows borrowing money, and if the balance is not paid in full by the due date, interest accrues on the remaining amount, which can lead to large interest payments over time. Debit cards, checking accounts, and savings accounts do not involve borrowing (thus no interest on owed amounts; savings accounts may earn interest instead).
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a credit card