Question

Which of the following is a valid reason for using credit?

a) Purchasing a car so a homemaker can return to work

b) borrowing for a college education

c) Purchasing an item that costs less now than it will later

d) Paying for a medical emergency

e) All of these are valid reasons for borrowing

Answer 1

The answer to the following question from the given choices is-

e) All of these are valid reasons for borrowing