Question

Which of the following is NOT correct?

Answer 1

Answer:

A) Using credit cards typically provides a "float" of up to 10 days

Explanation:

A credit card is a card issued by a bank or card issuer to the card holder to enable him buy things in credit from a merchant which he reimburses and is usually charged for it.

Float in credit card terms refers to the difference in time between when a transaction occurs and the time the transaction is posted to a credit card account to reflect the transaction, often one to two days and not up to 10 days

Answer 2

Answer:

E) Using credit can decrease the amount of money that will be available to spend in the future.

Explanation:

From the options given above, the one that is not correct is "Using credit card can decrease the amount of money that would be available to spend in the future.

This is because, there is no corelation between use of credit card and the amountof money to be spend in the future. Most times, people usage of credit card  is just for convience sake rather than debit card that is linked to their account.

The amount to be spend if debit card is used is done in credit card while the actual amount would be transfeered from debit card to credit card.