Which of the following is most likely not a valid reason for using credit?
A)Borrowing for a stay in a hospital because of appendicitis
B)Borrowing to purchase a car so that you can go to work full-time
C)Borrowing to buy a printer for your home office now because you know it will be twice as expensive in two years
D)Borrowing to pay for your expensive dinner and movie every week
E)All of these are valid reasons for using credit.

Question

Quizplus · Accepted Answer

Borrowing to pay for leisure expenses, such as an expensive dinner and movie, is not a valid reason to use credit. Credit should be used for essential expenses or purchases that will increase in value over time, such as a car or a home office printer.

Which of the Following Is Most Likely Not a Valid