Question
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.
of being overcharged at the cash register.
better deals.
credit cards allow you to spend as much as you want, but are not accepted for to pay for items later, but may cause you to miss out on
most transactions.
credit cards to make purchases?
Select a response.
Credit cards come with fraud protection, but credit card numbers can be copied
by identity thieves.
of being overcharged at the cash register.
better deals.
credit cards allow you to spend as much as you want, but are not accepted for to pay for items later, but may cause you to miss out on
most transactions.
Ask by Clark Vega. in the United States
Mar 21,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
Credit cards offer fraud protection but can be vulnerable to identity theft.
Solution
-
Identify the benefit mentioned: Credit cards typically include some form of fraud protection.
-
Recognize the risk highlighted: Credit card numbers can be copied or stolen by identity thieves.
-
Compare with the other options:
- References to being overcharged, better deals, or spending without limits do not accurately capture the primary benefits and risks.
-
Therefore, the accurate statement is:
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution Extra Insights
Credit cards are like double-edged swords in your wallet! On one side, they offer wonderful perks like fraud protection, allowing you to dispute unauthorized charges. However, on the flip side, identity thieves are lurking, ready to pounce and steal your credit card details, leading to potential financial headaches.
While credit cards can provide attractive rewards and better deals, they can also lead to overspending if not used wisely. Many people fall into the trap of thinking they can buy anything at any time. This can lead to high-interest debt and financial stress! So, it’s essential to keep your spending in check!
