Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. Which statement accurately supports her argument?

People would pay less in interest fees.

People would have greater protection in case of emergencies.

People would need to save for many years to buy a home or open a business.

People would support the economy through purchases of more goods and services.

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Javier Good

2 April, 12:13

Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. Which statement accurately supports her argument?

People would pay less in interest fees.

People would have greater protection in case of emergencies.

People would need to save for many years to buy a home or open a business.

People would support the economy through purchases of more goods and services.

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Answers (2)

Know the Answer?

Tianna Acosta · Answer 1

Well my dude C sounds like the best option.

Explanation:

In my opinion it would make sense for C. Because if you do not have good credit you'd need to go to the bank but since jessica thinks issuing credit should be stopped, then people couldn't and wouldn't be able to get a loan.

Jazz · Answer 2

The correct answer is A) People would pay less in interest fees.

Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. The statement that accurately supports her argument is "People would pay less in interest fees."

The problem when using credit interests. And believe or not, oftentimes people do not consider this factor. If you have a permanent income, it is understandable to use credit to pay in the long run. But if something happens and you do not have that income for your monthly payments, the debt is going to affect you. That is why Jessica would be better off if financial institutions stopped issuing credit.