8
lesson pretestMultiple Choice

Pretest

Question 8 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

Simon used a credit card to buy a skateboard. Which statement is true about his method of payment?

Answer
A
Simon made the purchase with money he saved.
B
Simon used money directly from his bank account.
C
Simon paid cash at the store.
D
Simon will receive the bill later.

Explanation

A credit card lets Simon buy the skateboard now and pay the credit card company later. This means he will receive a bill for the purchase afterward. He did not pay with saved money, directly from his bank account, or with cash at the store.

AI-written and checked against the verified answer.

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