Question

question 4 of 8
which of the following is accurate about the benefits and risks of using credit cards to make purchases?
select a response.
credit cards come with fraud protection, but credit card numbers can be copied by identity thieves.
while credit cards are accepted almost everywhere, they put you at higher risk of being overcharged at the cash register.
credit cards allow you to pay for items later, but may cause you to miss out on better deals.
credit cards allow you to spend as much as you want, but are not accepted for most transactions.

Explanation:

• Option 1: Most credit cards offer fraud protection (a key benefit), and a major risk is identity thieves copying card numbers for unauthorized use, which is accurate.
• Option 2: Credit cards do not increase the risk of overcharging at registers; this is an incorrect claim.
• Option 3: Deferred payment (benefit) does not lead to missing better deals, so this is inaccurate.
• Option 4: Credit cards have spending limits (you cannot spend as much as you want) and are widely accepted, making this false.

Answer:

A. Credit cards come with fraud protection, but credit card numbers can be copied by identity thieves.