Ralph is purchasing a new gaming system for $300.00. He is trying to decide whether he wants to use cash or his credit card to pay. He has $600.00 available in his checking account to pay for the system in full.

Which of the following is not an argument that justifies Ralph’s use of his credit card to purchase the gaming system?
a.
If he uses his credit card, he won’t have to walk around with $300 in his wallet.
b.
With credit, he is not required to pay off his balance for a very long time. That’s $300 more in his pocket.
c.
Ralph can afford to pay off the credit card purchase immediately, and it will help build a good credit rating.
d.
If he uses his credit card, it will be easier to pay for extra items (cords and controllers) that he wasn’t expecting to have to purchase.

Option B, is the one that describes an argument that does not justify the use of the card because, if you make the purchase by this means you must cancel the total the following month to continue maintaining a good credit life.

but if you do not cancel it the month after the purchase is made, even if you have the remaining $ 300 in cash, this debt with the card would start to generate interest for late payment and this would increase the value of the debt including a bad report in the risk centers .

sg8010126 sg8010126 · Answer 2 · 2021-02-08T16:54:50+01:00

sg8010126 sg8010126

08-02-2021

Answer:

B. With credit, he is not required to pay off his balance for a very long time. That’s $300 more in his pocket.

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