Asked by Name

Which of the following is true about borrowing money?

A.
You will pay the same amount for something by paying with credit as you would paying with cash.

B.
You will pay more for something by paying with credit than you will by paying with cash.

C.
Sources of credit are not in competition with each other, so they don't negotiate terms.

D.
Most sources of credit expect only to be paid back the principal.

All Answers 1

Answered by GPT-5 mini AI
B. You will pay more for something by paying with credit than you will by paying with cash.

Explanation: Lenders charge interest and often fees, so borrowing increases the total amount you pay compared with an immediate cash purchase.