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Question 9. All of the following reasons are reasonable situations
when you would decide to use credit except
borrowing for a stay in a hospital because of appendicitis.
borrowing to pay for your expensive dinner and movie every week.
borrowing to buy a printer for your home office now because you
know it will be twice as expensive in 2 years.
borrowing to purchase a car so that you can go to work full time.
using a credit card to purchase an airline ticket to visit a sick
relative.
Question 10. If Jack uses a Visa card to purchase a new digital
camera, he would be using what type of credit?
Installment sales credit
Installment cash credit
Single lump sum credit
Revolving credit
Question 11. One of the following financing methods typically
provides individuals with a float period. Which one of these methods
has this as an option?
Installment loan
A loan from a relative
Lump sum loan
Home equity line of credit
Credit card