Consumer credit has become a popular way of making routine purchases because:
A)individuals can restrict their spending.
B)taking more credit will increase consumers' credit scores.
C)the availability of different types of credit is abundant.
D)consumer credit cannot be used for emergencies.
E)no interest is charged when credit is used for large outlays.

Question

Quizplus · Accepted Answer

The availability of different types of credit is abundant, which has made consumer credit a popular way of making routine purchases. Consumers can choose from various credit options, including credit cards, personal loans, and lines of credit. This makes it easier for consumers to access credit when they need it, and to choose the type of credit that best suits their needs.

Consumer Credit Has Become a Popular Way of Making Routine