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Ulleksa [173]
3 years ago
5

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
Social Studies
1 answer:
mixas84 [53]3 years ago
5 0

Answer:

he is investing money to buy a car

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