QUESTION IMAGE
Question
credit is advantageous because ________.
○ it is costly
○ interest charges can add up quickly
○ it makes financial matters more complex
○ it helps us make large purchases sooner than we could if using cash
Brief Explanations
To determine why credit is advantageous, we analyze each option:
- "it is costly" is a disadvantage of credit, as costliness is not beneficial.
- "interest charges can add up quickly" is also a disadvantage, as high interest is a negative aspect of credit.
- "it makes financial matters more complex" is a disadvantage, as complexity in finances is not an advantage.
- "it helps us make large purchases sooner than we could if using cash" is an advantage because credit allows individuals to acquire expensive items (like a house or car) by borrowing money, rather than waiting to save the full amount in cash.
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D. it helps us make large purchases sooner than we could if using cash