Of the following, which statement or statements accurately reflect a way in which credit can be safer than cash? i. if your credit card gets stolen, you can cancel it and get your money back. ii. it is harder to lose a single credit card than a large number of bills. iii. if a merchant does not honor the agreement, you can call the credit company and dispute the charges. a. i and iii b. ii only c. iii only d. i, ii, and iii

The correct answer is-

a. I and III.

A credit card can be described as a small plastic card issued by a financial authority ( such as bank) that provides power to the cardholder to borrow some items/funds.

If a merchant does not in several ways. If we loose cash, it is gone and there is hardly any chance of getting it back but if credit card is lost/ stolen, one can cancel it immediately and get the money back. Also If a merchant does not agree to receive the money through credit card, then the credit company could be called and the charges can be retrieved.

Thus, option a) is the right answer.

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