AnswersOK-Personal Financial Literacy S1 – EDGNTY-83861 26-27BudgetingQuestion 1
1
AssignmentMultiple Choice

Budgeting

Question 1 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Which statement best explains what it means to use credit?

Answer
A
Using credit means lending money to a family member or friend.
B
Using credit means giving money to a financial institution with the hope of making money.
C
Using credit means getting money from a store and paying it back immediately.
D
Using credit means receiving money from a financial institution and paying it back over time.
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