8
QuizMultiple Choice

Making Employment Decisions — Quiz

Question 8 • Economics and Personal Finance

Which statement best explains student loans that cover the costs of an education?

Answer
A
They require repayment with interest.
B
They depend on getting good grades.
C
They do not have to be paid back later.
D
They require the use of savings.

Explanation

Student loans are borrowed money used to pay education costs. The borrower must repay the loan, usually with interest, so “They require repayment with interest” is the best explanation. Good grades and personal savings are not general requirements for taking out a student loan, and loans are not grants that can be kept without repayment.

AI-written and checked against the verified answer.

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