Credit tends to cost individuals more than paying in cash true or false?

A new schools question and answer asked over students to say what they feel is the most important important factor for a student to do in order for you to accomplish success. One which response stood out from the rest was practice. Successful persons are certainly not born successful; they become successful from hard work and persistence. If you would like to complete your goals, keep this in mind! following are one of the answer and question example that you will be able to utilize to practice and improve your knowledge and also give you insights that should help you to keep up your study in school.

Question:

Credit tends to cost individuals more than paying in cash true or false?

Answer:

Answer:

TRUE

Explanation:

This is relatively true. Not all retailers charge a higher amount for credit payments, but most do. This is because of transaction costs. When you buy on credit, the merchant needs to pay a fee to the credit card company and for the equipment they use to pass the card. The tendency is that this cost is passed to the end consumer. When the transaction is made in cash, there is no transaction cost, so it tends to be cheaper than in credit.

They would possibly hopefully guide the student resolve the question by making use of the questions and answer examples. Then would possibly carry out some sharing in a group discussion and also study with the classmate around the topic, so another student also have some enlightenment and still keeps up the school learning.

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