Question

Why might the economy be worse off if financial institutions like credit card companies did not exist?

People would be more able to borrow more money.
People would likely buy fewer goods and services.
People would have to pay fewer interest payments.
People might have to carry large amounts of cash.

Thanks is in order

Answer 1

actually, the verified answer is wrong I did the test the correct answer is B. People would likely buy fewer goods and services.

Step-by-step explanation:

Answer 2

to me at least it would be the first answer. if you would like a proper explanation to this let me know :D