AnswersOK-Personal Financial Literacy S1 – EDGNTY-83861 26-27Consumer ResponsibilitiesQuestion 1
1
AssignmentMultiple Choice

Consumer Responsibilities

Question 1 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Which statement best defines a grant?

Answer
A
A grant is an educational plan in which students alternate between studying for school and gaining work experience.
B
A grant is a loan offered to students to help pay for education-related expenses.
C
A grant is money given by an organization for a specific purpose.
D
A grant is a loan offered to anyone who is thinking about attending college.

Explanation

A grant is money provided by an organization for a particular purpose, such as education or research. Unlike a loan, it generally does not have to be repaid. Therefore, choice C, “money given by an organization for a specific purpose,” is the best definition.

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