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liubo4ka [24]
3 years ago
6

Terrell and hi parents live in a home near San Francisco. Terrell has a Visa card, which he is using to pay for car insurance to

day. Write a short paragraph telling ways Terrell and his family are making use of the U.S. monetary systems and policies.
Business
1 answer:
nexus9112 [7]3 years ago
8 0

Answer:

Terrell is using credit, which is a US regulated monetary system.

Explanation:

When you use credit (I also study finance along with investing) your borrowing money and paying it back later. This is a system that banks and government agencies make lots of money from, and they make money long term, while Terrell gets to pay his insurance in the short term. (I would advise against putting more than 10% of your credit limit of your credit card. Yes I know about credit cards lml) *edit- Credit is a form of small loans unless its secured or prepaid*

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