Cash vs Credit: Which Purchases Are More Likely to be Paid in Cash?

Which of these purchases is more likely to be paid for with cash?

A.) Bag of chips

B.) Furniture

C.) Engine Repair

D.) Plane Ticket

from Apex,

i think A or C

because most likely for B and D you might pay for with credit card

Answer:

A bag of chips and engine repair are more likely to be paid for with cash.

When it comes to paying for purchases, the method of payment can vary depending on the type of item being bought. Cash is often preferred for smaller, everyday items like a bag of chips, as it provides a quick and easy way to complete the transaction. On the other hand, larger purchases like furniture or a plane ticket may be more commonly paid for using a credit card due to the higher cost.

While some people may choose to use a credit card for all of their purchases for the convenience and rewards it offers, others may prefer using cash for smaller transactions to better track their spending and avoid accumulating debt. Engine repair, while not always a small purchase, may also be paid for with cash as it offers a sense of security and immediate payment for services rendered.

In conclusion, the likelihood of a purchase being paid for with cash versus credit card can depend on a variety of factors such as personal preference, convenience, and the nature of the purchase itself.