Which of the Following Is a Disadvantage of Using Credit

B Risk of overspending. Leave a Reply Cancel reply.

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A bank issuing a letter of credit on behalf of an importer is obligated to honor the letter of credit regardless of the buyers willingness or ability to pay.

. Credit cards can be used to increase your credit score. A letter of credit does not give protection to the exporter. A Ease of returning merchandise B Shopping convenience C Slowing of progress toward financial goals D Capacity to access credit in the future.

20 hours agoEach of the following is a disadvantage of using credit cards EXCEPT. Which one of the following is an advantage of using credit. The importer must pay a bank fee for the letter of credit.

The use of credit can lead to overspending. 14 A Credit card fraud. Athe use of credit can allow you to receive advance notice of sale.

The use of credit can lead to overspending is a. 14 Which of the following is a disadvantage of using credit cards. B Buying today and paying tomorrow seems ideal but continual spending can lead to financial problems.

Slowing of progress toward financial goals is a disadvantage of using credit. Which of the following is not a disadvantage of using credit instead of cash. Receiving advance notice of sales C.

The record of the transaction shows up on your bank statement. B it is very easy to charge more than you can pay off each month. The exporter cannot avail pre-export financing when using a LC.

D Credit cards permit the purchase of. Which of the following is a disadvantage of using credit. Which of the following is a valid reason for using credit.

Fees and interest may be charged for the use of credit cards. Credit cards require a good credit rating and responsible credit maintenance. Which of the following is the least appropriate reason for using credit.

Higher interest rates than for credit cards. Credit cards can be used to increase your credit score. The use of credit allows for the purchase of goods even when funds are low.

A Using credit wisely creates stability and allows you to establish a favorable credit history. Which of the following is a disadvantage of using credit. The use of credit can allow for the easier return of merchandise.

Which of the following is a disadvantage of using a credit card. What is a disadvantage of using multilayer switches for inter-vlan routing. Shopping convenience Capacity to access credit in the future Ease of returning merchandise Slowing of progress toward financial goals The amount of damage you will be required to cover if your car is involved in an accident that is your fault is your.

Are safer to use than cash or checks since there is a limit on the amount of money that can be lost. Credit cards generally come with interest and other fees that cash does not. Which of the following is a disadvantage of using credit.

The fees can become significant. Which of these people is likely to run into problems when using a credit card. C Using credit is safe since using charge accounts and credit cards when you shop and travel is safer than carrying large amounts of cash.

Which of the following is a disadvantage of using credit. Credit cards generally come with interest and other fees that cash does not. Which of the following is a disadvantage of using debits cards over credit cards.

A Ease of returning merchandise B Shopping convenience C Slowing of progress toward. Credit cards require a good credit rating and responsible credit. D They can reduce the amount of cash you must carry on a trip.

174 Which one of the following is a disadvantage of using credit. C They can be used for online purchases. Credit cards generally come with interest and other fees that cash does not.

Does not seem like spending real money D. C Fees and charges may not be what you initially anticipated. Avoiding the necessity of carrying cash O Having a record of all purchases O Temptation to overspend Ease of returning merchandise Receiving advance notice of sales If your credit application is denied you.

Easy to carry and use. Should sue the credit rating agency. Up to 25 cash back Which of the following is a disadvantage of using credit.

Which of the following is a disadvantage of using credit. Places a claim on future income C. A B C D.

View the step-by-step solution to. Credit cards increase the likelihood of impulse buying. A They are accepted in most businesses with an ID.

For an importer which of the following is a disadvantage of using a letter of credit for international transactions. D All of the above. Often involves going into debt B.

Interest free loan if balance is paid off monthly. The use of credit can allow you receive advance notice of sales. Can purchase things now and pay for them later.

Avoiding the necessity of carrying cash. Ease of returning merchandise E. Your email address will not be published.

Which of the following is a disadvantage of using a letter of credit LC. A letter of credit does not give protection to the importer. Credit cards increase the likelihood of impulse buying.

Having a record of all purchases. Credit cards require a good credit rating and responsible credit maintenance. A disadvantage of using credit is that it can lead to overspending.

Credit cards increase the likelihood of impulse buying. Log in for more information. Can reapply for credit after 30 days.

Credit cards can be used to increase your credit score. The correct answer is B. Which one of the following is a disadvantage of using credit.

Buy the use of credit can lead to overspendC the use of credit allows for the purchase of good even when funds are lowD the use of credit can allow for the easier return of merchandise. You cannot tell if your bank account will become overdrawn.

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