Answers Personal Finance - EL3403 Credit and LoansQuestion 1

1

AssignmentMultiple Choice

Credit and Loans

Question 1 • Personal Finance - EL3403

Which conclusion is best supported by this graph?

Answer

A

Most people paid about $300 for a new home in 2013.

B

Most people can never afford to buy a home.

C

Most people need to take out a mortgage to purchase a home.

D

Most people pay back a loan for a home in a short period of time.

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