Which of the following is an improper use of credit?
A) Buying a home
B) Buying a short-lived good
C) Spreading payments within a budget
D) Purchasing a big-ticket item
E) Meeting a financial emergency

Question

Quizplus · Accepted Answer

Buying a short-lived good with credit is an improper use of credit because the good will not last long enough to justify the expense of paying interest on the credit. It is better to pay for such items with cash or a debit card.

Which of the Following Is an Improper Use of Credit