3
AssignmentMultiple Select

How Credit Works

Question 3 • TX-Personal Financial Literacy and Economics

Which statements describe credit cards? Choose four correct answers.They require monthly minimum payments.They use revolving lines of credit.They can be used to buy homes.They may be helpful for emergencies.They do not require borrowers to make payments.They can be used to build credit if used responsibly.

Answer
A
They require monthly minimum payments.
B
They use revolving lines of credit.
C
They can be used to buy homes.
D
They may be helpful for emergencies.
E
They do not require borrowers to make payments.
F
They can be used to build credit if used responsibly.
Previous
Next