Question

2. Improper uses of credit cards Although using your credit card can have benefits if you use it wisely, if you use it unwisely, it is easy to overspend, which is the biggest danger of borrowing. Unless you can pay your monthly balance in full, avoid using your credit card to: • Meet basic living expenses . Make impulse purchases, especially expensive ones • Purchase nondurable (short-lived) goods and services In the following scenarios, select which of these situations applies. Cho uses her credit card to pay for concert tickets. Cho is using her credit to Bob's checkbook is overdrawn. If he doesn't pay his gas bill tomorrow, servia make an impulse purchase, especially an expensive one gas and it's the middle of a very cold winter. He uses his credit card to pay his gas bill. B purchase nondurable (short-lived) goods and services meet basic living expenses Eric had a great date last night, and uses his credit card to purchase a diamond studded watch to present to his date tonight. Eric is using his credit to to For protection against getting into credit card trouble, except for occasional use for convenience, credit card purchases outlive the payments.

Answer 1

first fill in the blanks = purchase non durable (short lived) goods and services

second fill in the blanks = meet basic living expense

third fill in the blanks = make an implusive purchase , especially expensive one

fourth fill in the blanks = Meet basic living expense