which of the following is true about credit cards?\na you cant use a credit card at most stores.\nb if you…
which of the following is true about credit cards?\na you cant use a credit card at most stores.\nb if you dont pay your balance off in full each month, youll accrue interest.\nc credit cards allow you to access money in your checking account.\nd charging your credit card is the best way to pay for an unexpected expense.
Answer
Brief Explanations:
- Option A is false as credit cards are widely accepted at most stores.
- Option B is true. When you don't pay the full - balance on a credit card each month, interest accumulates on the remaining balance.
- Option C is false. Credit cards are a form of borrowing and not a way to access checking - account money.
- Option D is false. While credit cards can be used for unexpected expenses, they may not always be the best way due to potential high - interest rates.
Answer:
B. If you don't pay your balance off in full each month, you'll accrue interest.