Which of the following is a valid reason for using credit? A. Purchasing a car so a homemaker can return to work B. Borrowing for a college education C. Purchasing an item that costs less now than it will later D. Paying for a medical emergency E. All of these are valid reasons for borrowing

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Business

Cassandra Ortiz

13 August, 15:49

Which of the following is a valid reason for using credit? A. Purchasing a car so a homemaker can return to work B. Borrowing for a college education C. Purchasing an item that costs less now than it will later D. Paying for a medical emergency E. All of these are valid reasons for borrowing

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Danika Washington · Answer 1

All of these are valid reasons for borrowing (E)

Explanation:

using Credit when one cannot afford an essential good or service is a valid reason for borrowing. from the options it is observed that all the reasons given are very essential reason. purchasing a car to enable a homemaker return to work is a valid reason because returning to work is very important to earning a living.

Taking a course or degree in college is very essential because education is essential to human development and it will as well equip an individual for better opportunities in the society at large. health is the most essential and also the purchase of an item at a lower price is a good economic strategy.