8
QuizMultiple Choice

Long Term Purchases

Question 8 • 26-27 Ignite Technical Math-Financial Math - MA2007

Choose the most appropriate action for making a large purchase.

Answer
A
use a credit card with attractive perks and high interest
B
use a low interest credit card and wait until the last month to pay off debt
C
even if you have to make a few late payments, use a credit card for simplicity
D
pause before purchasing to ask yourself, "Do I need this item and can I afford it?"

Explanation

Before making a large purchase, consider whether the item is truly needed and whether you can afford it. Pausing to ask those questions helps prevent overspending and debt. Using a high-interest card, delaying repayment, or accepting late payments can add costly fees and interest.

AI-written and checked against the verified answer.

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