Question 4 of 8

Which of the following is accurate about the benefits and risks of using credit cards to make purchases? Select a response.

A. Credit cards come with fraud protection, but credit card numbers can be copied by identity thieves.

B. While credit cards are accepted almost everywhere, they put you at higher risk of being overcharged at the cash register.

C. Credit cards allow you to pay for items later, but may cause you to miss out on better deals.

D. Credit cards allow you to spend as much as you want, but are not accepted for most transactions.

Credit cards offer benefits such as fraud protection, consumer protections, and the ability to defer payment, but they also carry risks like identity theft and overspending.

Retailers benefit from credit cards due to secured payments, while consumers enjoy convenience, safety, and the ability to access credit on demand.

Using credit cards wisely involves paying off the balance monthly, monitoring credit reports for accuracy, and understanding that having more cards doesn't increase the amount of money in the economy.

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