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Question 10. 10. (TCO 3) Which one of the selections can be
categorized as a disadvantage of credit?
The use of credit can allow you to receive advance notice of sales.
The use of credit can allow for you to purchase previously
inaccessible items.
The use of credit allows for the purchase of goods even when
funds are low.
The use of credit can allow for the easier return of merchandise.
The use of credit can lead to overspending.
Question 11. 11. (TCO 3) By evaluating your credit options, you can
do all of the following except
reduce your finance charges.
reconsider your decision to borrow money.
discover a less expensive type of loan.
find a lender that charges a lower rate.
purchase goods and services without specific limitations.
Question 12. 12. (TCO 3) Typically, a person can obtain the least
expensive loan through
parents or family members.
banks.
savings and loan associations.
finance companies.