Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.8 Credit Cards - Exercise Set 8.8 - Page 565: 20

Answer

This statement does not make sense.

Work Step by Step

One of the significant disadvantages of using a credit card is that there is no specific cap on fees on the usage of credit card. There might be certain other fees as well along with the main fee being charged for the use of credit card facility. Card issuers may increase the fees at any time they like. That’s why it is advised to read the credit card before applying for the same. There is no specific cap on fees on the usage of credit card. Hence, the given statement does not make sense.
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