14
QuizMultiple Choice

Managing Credit and Debit — Test

Question 14 • Personal Finance

Which best describes a way people can use personal loans?

Answer
A
to buy a car
B
to pay for groceries
C
to pay for college
D
to buy a house

Explanation

Personal loans can be used for everyday expenses, including groceries. Buying a house, buying a car, and paying for college are more commonly financed with specialized mortgage, auto, and student loans, respectively. So the best answer is “to pay for groceries.”

AI-written and checked against the verified answer.

Previous
Next