4
RCMultiple Choice

Case Study: Starting a Business — Cumulative exam

Question 4 • 2102320-Economics HONORS - Edgenuity Teacher

Yuri wants to pay for his new chair using a check. What must he consider before using that method of payment?

Answer
A
Yuri must check his credit history.
B
Yuri must know the interest rate on a furniture loan.
C
Yuri must be sure he has enough left in his checking account for any expenses and automatic payments.
D
Yuri must check his credit card balance.

Explanation

Before paying by check, Yuri should make sure his checking account has enough money to cover the chair as well as upcoming expenses and automatic payments. Otherwise, the check could overdraw the account. Credit history, loan interest, and credit card balance are not the key concerns when paying by check.

AI-written and checked against the verified answer.

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