17
practice testMultiple Choice

Practice Test

Question 17 • Personal Finance and Economics

Which is considered a good credit practice?

Answer
A
Borrow more than one can afford to repay.
B
Pay more than the minimum amount that is due.
C
Use the credit card with the highest interest rate.
D
Make late payments.

Explanation

Paying more than the minimum due reduces the outstanding balance faster and can lower the interest you pay over time. Borrowing more than you can repay, choosing a card with a high interest rate, and making late payments are all poor credit practices.

AI-written and checked against the verified answer.

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