Question

Paying only the minimum balance on a credit card is a good way to have more funds available to purchase other items O is a temptation that often leads to large credit card debt at high interest rates makes sense if funds that might have been used to quickly pay down credit card debt are instead put into a savings account O is a quick way to pay off credit card debt Question 8 (12 points) If one does not budgert and save regularly for unexpected expenses, the alternative iss likely to be running up credit card balances or borrowing funds on highly unfavorable terms deferral of the costs of an unexpected event until a time when it is more convienient to pay inconsequential, because bad things do not happen if you do not plan for them all of the above hp

Answer 1

a) "B"

it is a temptation that attracts considerably high interest rates that increase on the compounding manner.

b) "A"

they run up credit card balance or borrowing funds on highly unfavourable terms .the answer is "A".