Of the following statements, which is not an advantage of using credit?
A) Using credit wisely creates stability and allows you to establish a favorable credit history.
B) Buying today and paying tomorrow seems ideal, but continual spending can lead to financial problems.
C) Using credit is safe since using charge accounts and credit cards when you shop and travel is safer than carrying large amounts of cash.
D) Credit cards permit the purchase of goods even when cash funds are low.
Answer: B
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In the absence of a specific agreement, shares of stock are not freely transferable
a. True b. False Indicate whether the statement is true or false
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