how has the economy play a role when it comes to people and credit cards. or better yet, how has credit cards effect the ecomony.
2006-09-25 05:00:17 · 3 answers · asked by lala_jonesy 2 in Business & Finance ➔ Small Business
Try doing your own homework.
2006-09-25 05:07:19 · answer #1 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
Credit cards boost the economy b/c people spend more freely.
Just like how loans boost the economy, can you imagine how many people would not own a home if they had to pay cash.
2006-09-25 12:04:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Credit Cards - Whooo Boy - My wallet is stuffed with them. I have my paycheck direct deposited. I haven't been in a bank in years. Withdraw money from a machine.
Harder to get robbed than if you carry cash.
More accessable wealth or borrowing power.
Even the fast food restaurants now accept them.
I would say that CC's have had a huge impact.
2006-09-25 12:05:41 · answer #3 · answered by ukershark 3 · 0⤊ 0⤋