10
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Credit and Loans

Question 10 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Paying down a debt as quickly as possible can help interest owed.

Answer
A
distribute
B
eliminate
C
reduce

Explanation

Paying down debt lowers the amount still owed, which can reduce the interest that builds up. “Reduce” means make smaller, so choice C completes the sentence correctly.

AI-written and checked against the verified answer.

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