15
AssignmentMultiple Choice

Financial Responsibility

Question 15 • Personal Finance - EL3403

Which expense is a bank least likely to extend a line of credit for?

Answer
A
job training after high school
B
a flat-screen TV
C
improvements to a home
D
a car to be used for transportation to and from work

Explanation

Banks are least likely to extend credit for a flat-screen TV because it is a nonessential consumer purchase that loses value quickly. Job training, home improvements, and transportation to work can support education, property value, or earning a living, making them more plausible reasons to borrow.

AI-written and checked against the verified answer.

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