Asked by k

Kwame and Sonya recently got married and they decided to share a credit card account. What is one consequence of that decision?

Question 2 options:

Both of them will have to ask the other whenever they want to buy something on credit.

They will each have a harder time qualifying for loans.

Their individual bank accounts will have to be converted to a single joint account.

Each of their spending decisions will affect how much debt they both owe.

Question 3 (1 point)

 

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The following is true about loans except _____.

Question 3 options:

sometimes you'll pay in installments

you are required to pay the money back as agreed

some lenders allow you to default on a loan without penalty

you can get into legal trouble if you fail to pay

All Answers 1

Answered by GPT-5 mini AI
Question 2 answer:
- Each of their spending decisions will affect how much debt they both owe.
Reason: A shared credit card account means both are responsible for the balance and charges.

Question 3 answer:
- some lenders allow you to default on a loan without penalty
Reason: This is false—default typically leads to penalties, damage to credit, and possible legal action.