Question

question 3 (12.5 points)
maria can use a credit card to purchase goods and services.
true
false
question 4 (12.5 points)
which of the following statements are true about marias new credit card?
it will take money from her checking account when she makes purchases.
it requires her to pay off the balance in full each month.
it can help her manage cash flow.
it may charge interest if the balance is not paid off monthly.

Explanation:

Question 3: Credit cards are specifically designed to allow users to purchase goods and services on credit.
Question 4:

• Debit cards, not credit cards, take money directly from a checking account at purchase.
• Most credit cards allow partial monthly payments (with interest), not mandatory full payoff.
• Credit cards let users pay later for purchases, aiding cash flow management.
• Credit card issuers typically charge interest on unpaid monthly balances.

Answer:

Question 3: True
Question 4:

• It can help her manage cash flow.
• It may charge interest if the balance is not paid off monthly.