Caitlin wants to buy an airline ticket, but she’s uncomfortable taking that much cash to the counter at the airport. Instead, she uses her credit card. Which advantage of credit is being demonstrated here?..

Question

(1 point)
Responses

emergencies

emergencies

building a credit line

building a credit line

protection of purchases

protection of purchases

purchase power

Answer 1

The advantage of credit being demonstrated here is purchase power. Using a credit card allows Caitlin to make a purchase without having to carry a large amount of cash, giving her the ability to buy the ticket easily and securely.

Answer 2

Which is an example of a variable expense category?

(1 point)
Responses

car payment

car payment

gym membership

gym membership

birthday gifts

birthday gifts

insurance

Answer 3

The example of a variable expense category is birthday gifts. Variable expenses can change from month to month, while the other options, like car payments, gym memberships, and insurance, are typically fixed expenses.

Answer 4

What is a benefit of using a financial tool to track your budget?

(1 point)
Responses

It provides you discounts for the things you buy most often.

It provides you discounts for the things you buy most often.

It gives you a visual of your income and expenses.

It gives you a visual of your income and expenses.

It keeps all of your personal information protected.

It keeps all of your personal information protected.

It makes banks more likely to offer you low interest rates.

Answer 5

The benefit of using a financial tool to track your budget is It gives you a visual of your income and expenses. This helps you understand your financial situation better and manage your money more effectively.