Question

how can credit cards be safer than cash?
a. it is harder to lose a single credit card than a large number of bills.
b. a credit card requires a signature, so it is impossible for anyone other than you to use.
c. if a merchant does not hold up their end of an agreement, you can call the credit company and dispute the charges.
d. cash can be miscounted, but credit cards cannot.

Explanation:

Analyze the safety features of credit cards

Using the Credit Card Benefits and Cash vs Credit knowledge points

• Cash transactions are final; if cash is lost, stolen, or a merchant fails to deliver, the money is usually gone.
• Credit cards offer consumer protection, including the ability to dispute charges (chargebacks) if a merchant breaches an agreement.

Evaluate the given options

Using the Responsible Credit Use knowledge point

• Option (a) is incorrect because physical cards can be lost just as easily as cash.
• Option (b) is incorrect because signatures do not make unauthorized use impossible, especially online.
• Option (c) is correct because credit card issuers provide dispute resolution and fraud protection.
• Option (d) is incorrect because miscounting is a human error, not a fundamental safety feature of the payment medium.

Answer:

• a. It is harder to lose a single credit card than a large number of bills.
• b. A credit card requires a signature, so it is impossible for anyone other than you to use.
• c. If a merchant does not hold up their end of an agreement, you can call the credit company and dispute the charges. (Correct answer)
• d. Cash can be miscounted, but credit cards cannot.