16
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Credit, Interest, and Debt

Question 16 • Fall 24 GSE Physical Science B IC

What are disadvantages of using credit? Choose two correct answers.It can affect people’s ability to make future purchases.It can help people build their credit history.It can help people pay for emergency expenses.It can lead to stress over making payments.It can enable people to make large purchases.

Answer
A
It can affect people’s ability to make future purchases.
B
It can help people build their credit history.
C
It can help people pay for emergency expenses.
D
It can lead to stress over making payments.
E
It can enable people to make large purchases.

Explanation

Using credit can leave someone with debt or high monthly payments, which may limit their ability to make future purchases. It can also cause stress when payments are difficult to manage. Building credit history, covering emergencies, and making large purchases can be benefits of credit, so the disadvantages are A and D.

AI-written and checked against the verified answer.

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