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In Business / College | 2025-07-04

Credit is
A. Using your money to buy a computer.
B. Borrowing money to pay for a car.
C. Something that people never use.
D. Something you don't have to be responsible with.

Asked by ashleygentry88

Answer (2)

Credit is the ability to borrow money with the commitment to repay it later, exemplified by borrowing money to buy a car. Responsible management of credit is essential to avoid financial difficulties. It is not something to be used irresponsibly, contrary to some misconceptions. ;

Answered by GinnyAnswer | 2025-07-04

Credit is the ability to borrow money with the promise to repay it later, exemplified by borrowing money to buy a car. The correct answer is B. Borrowing money to pay for a car. Responsible management of credit is essential for financial well-being.
;

Answered by Anonymous | 2025-08-06

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