Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Credit and LoansQuestion 9

9

QuizMultiple Choice

Credit and Loans

Question 9 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Which describes an example of using unsecured credit?

Answer

A

Someone buys new gutters for a home with a credit card.

B

Someone buys a new vehicle with a loan from a car dealer.

C

Someone buys a new home with a mortgage from a bank.

D

Someone buys a new boat with a loan from a boat dealer.

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