Question

lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. she has to decide whether to use a credit card or to finance the bike through the store. which questions should lakesha answer before making her decision? check all that apply.

will this cause my bank account to have a negative balance?
what is the difference in the finance charges for the two choices?
how much will the bike cost when adding the finance charges to the price?
should i talk to a consumer credit counseling service?
can i pay at least the minimum payment each month?
will i be able to make the payments and avoid late fees?

Explanation:

• "Will this cause my bank account to have a negative balance?" is not relevant as she's not using debit (which draws from bank account directly for this purchase decision between credit card and store financing).
• "What is the difference in the finance charges for the two choices?" is relevant as comparing finance charges helps decide which option is cheaper.
• "How much will the bike cost when adding the finance charges to the price?" is relevant to know total cost of each option.
• "Should I talk to a consumer credit counseling service?" is not necessary at this decision - making stage (it's more for debt issues, not initial choice between two financing options).
• "Can I pay at least the minimum payment each month?" is relevant as if she can't, she'll face penalties.
• "Will I be able to make the payments and avoid late fees?" is relevant to ensure she can meet payment obligations.

Answer:

B. What is the difference in the finance charges for the two choices?
C. How much will the bike cost when adding the finance charges to the price?
E. Can I pay at least the minimum payment each month?
F. Will I be able to make the payments and avoid late fees?