Question

Now think about how the rise of credit affected Americans and the economy.

Look at each of the following consequences of the rise of credit. Choose whether each consequence was a benefit or a problem. Select the answer that matches each consequence.

Making it more convenient to buy products:
X benefit


Helping demand for products stay high:


Pushing Americans to overspend:


Causing Americans to go into debt:
benefit

Answer 1

Benefit

Benefit

Problem

Problem

Answer 2

Credit has been defined as the borrowing of money by companies and consumers. The transactions of money result in a rise in the economy with the rise in money in the market. However, in some circumstances, there has been freezing of money results in the inter-lending to the firms. This results in an economic crisis.

(a) Making it more convenient to buy products:

It has been a benefit as there has been more money in the market resulting in the rise in the economy.

(b) Helping demand for products stay high:

It has been a benefit as there has been support to the economy with rise in credit.

(c) Pushing Americans to overspend:

This works as the problem, as the irregular spending with credit results in the freezing of the amount.

(d) Causing Americans to go into debt:

It has been a problem that here has been the credit crisis that will result of the credit rise.

For more information, refer to the link given below:

https://brainly.com/question/20650157