Appropriate reasons to use credit include for
A) convenience.
B) durable expenses.
C) investments.
D) emergencies.
E) all of the above

Question

Quizplus · Accepted Answer

All of the above reasons are appropriate for using credit. Credit can provide convenience by allowing individuals to make purchases without having to carry cash, it can be used for durable expenses (such as a car or home), it can be used for investments (such as starting a business), and it can be used in emergencies to cover unexpected expenses. It is important, however, to use credit responsibly and not accumulate excessive debt.

Appropriate Reasons to Use Credit Include for