Question

Which situation is an example of a person making use of credit?
a. an architect puts his weekly paychecks into a savings account at
a local bank.
o b. a college student saves up money in order to buy a cheap used
car.
o c. a farmer sells most of her crops to customers who live near her
farm.
o d. a business owner takes out a loan to expand and redecorate her
offices.
submit

Answer 1

The use of credit is illustrated when a business owner takes out a loan to expand and redecorate her offices.

What is a credit?

It is a transaction whereby the creditor or lender supplies money in return for a promised future payment by the other party.

Hence, the use of credit is illustrated when a business owner takes out a loan to expand and redecorate her offices.

Therefore, the Option D is correct.

Read more about credit

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