Of the following, which statement or statements accurately reflect a way in which credit can be safer than cash? I. If your credit card gets stolen, you can cancel it and get your money back. II. It is harder to lose a single credit card than a large number of bills. III. If a merchant does not honor the agreement, you can call the credit company and dispute the charges. A. I and III b. II only c. III only d. I, II, and III.

Question

16-03-2022
Mathematics

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Of the following, which statement or statements accurately reflect a way in which credit can be safer than cash? I. If your credit card gets stolen, you can cancel it and get your money back. II. It is harder to lose a single credit card than a large number of bills. III. If a merchant does not honor the agreement, you can call the credit company and dispute the charges. A. I and III b. II only c. III only d. I, II, and III.

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bhoopendrasisodiya34 bhoopendrasisodiya34 · Answer 1 · 2022-03-24T10:09:28+01:00

The statements, which accurately reflect a way in which credit can be safer than cash are statement I and III. Option A is correct.

What is credit card way of payment?

Credit card is the card issued by the bank which can be used to borrow funds from the bank in order to make the payment of different bills.

Lets, check all the statement.

I. If your credit card gets stolen, you can cancel it and get your money back-This statement is the correct. Whenever the credit card gets stolen or lost, it can be cancelled. This feature makes it safer than the cash.
II. It is harder to lose a single credit card than many bills-No, it is easy to lose a single credit cart than many bills.

III. If a merchant does not honor the agreement, you can call the credit company and dispute the charges-Yes, with the credit card, if the delivery of an item is not done, then one can easily call credit company to dispute the charges.

Thus, the statements, which accurately reflect a way in which credit can be safer than cash are statement I and III. Option A is correct.

Learn more about the credit card here;

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KaydenceN05 KaydenceN05 · Answer 2 · 2022-05-05T03:36:34+02:00

KaydenceN05 KaydenceN05

05-05-2022

Answer:

A

Step-by-step explanation:

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