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 the above are valid reasons for using credit.

Question

Quizplus · Accepted Answer

Borrowing money to pay for non-essential expenses such as an expensive meal or entertainment is not a valid reason to use credit. It is important to only use credit for necessary and important expenses that you can realistically pay back.

Which of the Following Is Most Likely Not a Valid