71
QuizMultiple Choice

Unit Test — Unit test

Question 71 • 25-26 Economics DLOC – 3054111

The type of credit people are most likely to use for small purchases during their lifetime is

Answer
A
a credit card.
B
a personal loan.
C
an auto loan.
D
a mortgage.

Explanation

A credit card is commonly used to pay for everyday, relatively small purchases, such as groceries or clothing. Personal loans, auto loans, and mortgages are generally used to borrow larger amounts for specific expenses.

AI-written and checked against the verified answer.

Previous
Next