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what is a potential cost of using a credit card? ○ rising prices for go…

Question

what is a potential cost of using a credit card?
○ rising prices for goods
○ paying additional taxes
○ falling into financial debt
○ losing a source of income

Explanation:

Brief Explanations

To determine the potential cost of using a credit card, we analyze each option:

  • "rising prices for goods": Credit card use doesn't directly cause price increases; inflation or market factors do.
  • "paying additional taxes": Credit cards don't impose extra taxes; taxes are set by tax laws.
  • "falling into financial debt": If a cardholder can't pay the balance, interest accumulates, leading to debt. This is a direct potential cost of credit card use (e.g., carrying a balance with high - interest rates).
  • "losing a source of income": Credit card use isn't related to losing income; job loss or other factors cause income loss.

Answer:

C. falling into financial debt