Will Harris

24 July, 01:38

David wants to buy a new car that costs $23,899, but only has $6,000 in cash. Since the car costs more than the amount of money he has, David must get a loan from a bank and pay interest on the remaining balance that he owes. Which personal money management term is explained in this example?

A) saving

B) income

C) Credit/debit

D) investing

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