Which of the following is a true statement about credit? Using a credit card is the same as cash. Credit cards are less convenient than carrying cash. Having a good credit history could be helpful in getting a job. The longer it takes to pay off a loan, the less interest is paid.

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Answer:

  Having a good credit history could be helpful in getting a job.

Explanation:

Some employers may check your credit history to see how reliable you are with regard to managing resources and keeping promises. They may also use the information to make a judgment about the salary you might be willing to accept. The better your credit history, the more likely the employer will look favorably on you as a job candidate.

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Use of a credit card represents a promise to pay the creditor at some point in the future. The allowance for that delay in payment may come at a cost. If you pay by cash, the transaction is complete at the time, and there is no additional accounting or future payment required. Cash is accepted many places where credit cards are not.

Credit cards may be more convenient than cash in many cases. There are fewer things to fumble with, and it is easier (and safer) to use a credit card for large-value transactions.

The longer you borrow money, the more you pay in interest.

The true statement is having a good credit history could be helpful in getting a job.

What is credit on a statement?

A credit balance on your billing statement is an amount that the card issuer owes you. Credits are added to your account each time you make payment. A credit might be added when you return something you bought with your credit card.

What are the 3 main credit types?

There are three main types of credit: installment credit, revolving credit, and open credit. Each of these is borrowed and repaid with a different structure.

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