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Vikki [24]
3 years ago
14

What is an example of credit? A) A person withdraws money from a bank account using an ATM card. B) A person borrows money from

a finance company to buy a car. C) A person deposits a paycheck into a savings account. D) A person pays interest on an existing mortgage.
Business
2 answers:
EleoNora [17]3 years ago
8 0

B) A person who borrows money from a finance company to buy an car

ahrayia [7]3 years ago
7 0

Answer:

b

Explanation:

An example of credit is when a person borrows money from a finance company to buy a car. Once credit is extended to a person and is used for a purchase, the credit is converted to a debt, and the person has the financial obligation to repay the loan.

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