Reference no: EM131511863

Which of the following are false statements?

Credit cards are safer to carry than cash

Credit cards are typically necessary to make reservations for hotels, airlines, and rental cars.

Credit card holders typically have lower interest rates than non-credit card holders because there is no collateral securing them.

Interest paid on credit card debt is deductible for income taxpurposes.

The five C’s of credit are: character, capital, collateral, capacity,and conditions.

The three major credit agencies are: Experian, Transunion, and Credit Report Corp.

1, 2, 4 are false

2, 5, 6 are false

1, 2 are false

3, 4, 6 are false

All the above are correct statements

What is the correct answer?