When a student uses a credit card to buy an iPod, the student is
A)lending in the loan market.
B)lending in the stock market.
C)lending in the bond market.
D)borrowing in the loan market.
E)borrowing in the bond market.

Question

Quizplus · Accepted Answer

When a student uses a credit card to buy an iPod, they are essentially borrowing money from the credit card issuer, which is part of the loan market.

When a Student Uses a Credit Card to Buy an IPod