2. Which statement about credit cards is most accurate? Credit cards are risky to use because credit card users have almost no rights. Credit cards can be helpful, especially in emergencies and are formal contracts. Credit cards are functionally free, temporary money, useful in a crunch. Credit cards use should be avoided at all costs; using them is never worth the cost.

Question

2. Which statement about credit cards is most accurate? Credit cards are risky to use because credit card users have almost no rights. Credit cards can be helpful, especially in emergencies and are formal contracts. Credit cards are functionally free, temporary money, useful in a crunch. Credit cards use should be avoided at all costs; using them is never worth the cost.

Answer 1

The most accurate statement about credit cards is: 'Credit cards can be helpful, especially in emergencies and are formal contracts.' Credit cards provide a line of credit that can be used in emergencies or unexpected situations. They also serve as formal contracts between the cardholder and the issuer, outlining the terms and conditions of the credit extended. While it is important to use credit cards responsibly and be aware of the potential risks, they can be a useful financial tool when used appropriately.

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