Which of the following is most likely not a valid reason for using credit?
A)Borrowing for an emergency stay in a hospital
B)Borrowing to purchase a car so that a homemaker can return to the workforce
C)Borrowing to buy a printer for your home office now because you know it will be twice as expensive later
D)Borrowing to pay for your expensive dinner and movie every week
E)Borrowing to pay for a college education

Question

Quizplus · Accepted Answer

Borrowing to pay for recurring luxury expenses like expensive dinners and movies every week is not considered a valid reason for using credit. It can lead to unnecessary debt without providing any long-term financial benefits.

Which of the Following Is Most Likely Not a Valid