Answers CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY PretestQuestion 7

7

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Question 7 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

Which statement best explains a grant?

Answer

A

A grant is money borrowed by a student to pay for an education that will need to be repaid.

B

A grant is money awarded to a student, usually based on financial need.

C

A grant is the price of attending classes at a school.

D

A grant is aid given to a student by an institution, often based on academic success.

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Which statement best explains a grant?