Question

FAN AND MEDAL

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.

Answer 1

Answer: B People would likely buy fewer goods and services.

Answer 2

People would likely buy fewer good and services because they have less money available