Understanding the advantages and disadvantages of consumer credit as well as the types of credit that are available...
Understanding the advantages and disadvantages of
consumer credit as well as the types of credit that are
available will enable you to make wise decisions regarding
credit, now and in the future.
What are alternatives in financing current
purchases?
what would happen to our economy if every one had to
pay cash for each major purchase.
Homework Answers
a) The various alternatives in financing current purchases are:
1. Cash
2. Credit Card
3. Different types of loans
b) If everyone had to pay cash for all major purchases, spending would reduce as one might not have enough cash and all transactions done through credit cards or other purchase methods will lessen. This decline in spending shall adversely impact the economy, slowing the growth and eventually leading to deflation.
Add Answer to:
Understanding the advantages and disadvantages of
consumer credit as well as the types of credit that are
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11011e of credit Although using credit can have benefits if you do it wisely, there are also several downsides to using credit. Аа А Credit Reduces Your Financial Flexibility Using credit can bind you to a financial obligation to your lender. As such, taking on debt can reduce your financial freedom. In addition, the money that you spend each month on repaying your debt is money that you could have spent elsewhere on other opportunities. Using credit can your ability...
internal controls help plz
Cengage Century G В І Ch 8-3 Exercises & Problems Cengaged in the Ramona's Clothing is a retail store specializing in women's clothing. The store has established a liberal return policy for the holiday season in order to encourage gift purchases. Any item purchased during November and December may be returned through January 31, with a receipt, for cash or exchange. If the customer does not have a receipt, cash will still be refunded for any...
3. What are the advantages and disadvantages of the
various options that Amelectserv is evaluating
ERP IMPLEMENTATION COSTS Berp Corporation: ON Premise Macrosoft ON Premise 4718 4719 Macrosoft Cloud 4.718 2080 1575 2 DOO 2250 2.250 2980 none none 1675 none 349 10.200 InitialHardware Network Costs Workstations UPS for Werkstations Laptops Server Back Server Server UPS Systems Router Network Infrastrutture set-up Total Ongoing Hardware Network Costs Hardware Maintenance Router Maintenance Network in structure Maintance 2MBPS internet line Totalt year) Total...
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