Answers Personal Financial and Money Management 21023710 BCPS 2026-27 Labor — Unit testQuestion 11

11

QuizMultiple Choice

Labor — Unit test

Question 11 • Personal Financial and Money Management (21023710) BCPS 2026-27

Which best describes the economic impact of defaulting on bank loans?

Answer

A

The economy suffers because banks have less money to loan to others.

B

The economy suffers because people have less money to spend.

C

The economy suffers because businesses are scared to take out loans.

D

The economy suffers because people are scared to take out loans.

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