Which of the following is an advantage of using credit?

JAMB Commerce 2023 195 views
Source: JAMB · 2023

Which of the following is an advantage of using credit?

  1. It encourages overspending
  2. It allows for immediate access to goods and services ✓
  3. It increases the risk of debt
  4. It limits purchasing power
Explanation

Credit lets a buyer take goods or services now and pay later. This immediate access is its main advantage.

Overspending, debt risk and limited buying power are problems, not benefits.

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