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20) Which of the following is an advantage of consumer credit? A. It serves as a source of emergency cash. B. It has no impact on financial statements. C. It carries no risk of overspending. D. It allows you to buy now, pay now.
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Asked 5/19/2011 12:22:25 PM
Updated 1/31/2017 1:48:24 AM
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Flagged by alfred123 [1/31/2017 1:48:24 AM]
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User: 20) Which of the following is an advantage of consumer credit? A. It serves as a source of emergency cash. B. It has no impact on financial statements. C. It carries no risk of overspending. D. It allows you to buy now, pay now.

Weegy: D. It serves as a source of emergency cash
lycan_1005|Points 449|

Question
Asked 5/19/2011 12:22:25 PM
Updated 1/31/2017 1:48:24 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by alfred123 [1/31/2017 1:48:24 AM]
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It serves as a source of emergency cash is an advantage of consumer credit.
Added 1/31/2017 1:45:22 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/31/2017 4:16:04 AM]
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Questions asked by the same visitor
Which of the following is an example of long-term debt? A. Car maintenance B. Property taxes C. Credit card balance D. Home equity loan
Question
Updated 5/14/2015 2:41:50 AM
1 Answer/Comment
Home equity loan is an example of long-term debt.
Added 5/14/2015 2:41:50 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [5/14/2015 3:01:25 AM]
What is another name for a regular savings account? A. Passbook account B. Certificate of deposit C. Mutual fund D. Money market account
Weegy: D. Money market account (More)
Question
Updated 4/29/2015 10:06:41 PM
1 Answer/Comment
Passbook account is another name for a regular savings account.
Added 4/29/2015 10:06:41 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [4/30/2015 2:59:06 AM]
Which is an example of closed-end credit?A. Overdraft protectionB. Travel and entertainment cardC. Car loanD. Credit card
Question
Updated 6/29/2016 2:45:34 PM
1 Answer/Comment
Car Loan is an example of closed-end credit.
Added 6/29/2016 2:45:34 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [6/29/2016 2:59:32 PM]
Credit cards offer which of the following advantages?A. A borrower-selected interest rateB. The necessity for personal identificationC. The ability to make remote purchasesD. Inexpensive renter s insurance
Question
Updated 7/5/2015 7:34:45 AM
1 Answer/Comment
Credit cards offer the following advantage: The ability to make remote purchases.
Added 7/5/2015 7:34:45 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [7/5/2015 5:31:34 PM]
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