Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Improper uses of credit cards Atthough using your credit card can have benefits if you use it wisely, if you use it unwisely, it

image text in transcribed
2. Improper uses of credit cards Atthough 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 blggest danger of borrowing. Unless you can pay your monthly balance in full, avoid using your credit card to: - Meet basic tiving expenses - Make impulse purchases, especially expensive ones - Purchase nondurable (short-lived) goods and services In the following scenarios, select which of these situations opplies. Shen is shopping with his daughter, who sees the very high-tech computer she's been saving for. Shen had a fight with her vesterdav. and uses hic credit card to buy the computer to make up with her. Shen is using his credit to Poornima uses her credit card to pay for concert tickets. Poornima is using her credit to Manuel's checkbook is overdrawn. If he doesn't pay his gas bill tomorrow, service will be immediately terminated. Manuel heats his house with gas and it's the middie of a very cold winter, He uses his credit card to oav his gas bill, Manuel is using his credit to For protection against getting into credit card trouble, except for occasional use for convenience, credit card purchases outilive the payments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Multinational Financial Management

Authors: Shapiro A.C.

9th International Edition

8126536934, 9788126536931

More Books

Students also viewed these Finance questions