List two advantages and two disadvantages of using a credit ...

[crobinson2013]

List two advantages and two disadvantages of using a credit card.

Question 2

A whirlwind romance with passion but no intimacy is:
 a. empty love.
  b. fatuous love.
  c. companionate love.
  d. consummate love.

[ms_sulzle]

Answer to Question 1

Advantages:
1) Establish a good credit rating which will assist in securing a loan for larger purchases in the future.
2) Provides access to money in case of emergency.
3) Includes insurance for purchases.
4) Don't always have to carry cash.
5) More convenient to pay for some purchases (e.g. airline tickets)

Disadvantages:
1) Might spend more money
2) Interest rates can be high which may result in spending more money if balance is not paid.
3) Credit card agreements are difficult to understand.
4) Failure to pay the balance may affect my credit rating.

Answer to Question 2

B

[crobinson2013]

TYSM

[chereeb]

Excellent