1
AssignmentMultiple Choice

Budgeting

Question 1 • AA - F26 Personal Finance and Economics

Which statement best explains what it means to use credit?

Answer
A
Using credit means lending money to a family member or friend.
B
Using credit means giving money to a financial institution with the hope of making money.
C
Using credit means getting money from a store and paying it back immediately.
D
Using credit means receiving money from a financial institution and paying it back over time.