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Advantages & Disadvantages of Credit Review

Identify the items below as an advantage or disadvantage of credit. Drag the items and drop them under the correct category.

Category:

  1. Advantage
  2. Disadvantage

Terms:

  • Increased impulse buying may occur
  • May require additional fees
  • Creates a record of purchase
  • Interest (higher cost of items)
  • Able to by needed items now
  • Do not have to carry cash

Answers:

  1. Able to buy needed items now

    Answer: Advantage

  2. May require additional fees

    Answer: Disadvantage

  3. Do not have to carry cash

    Answer: Advantage

  4. Creates a record of purchase

    Answer: Advantage

  5. Interest (higher cost of items)

    Answer: Disadvantage

  6. Increased impulse buying may occur

    Answer: Disadvantage