contestada

Credit is a helpful tool because it:
A) ensures that people do not overspend or exceed their ability to pay.
B) allows people to borrow money that can be paid back later.
C) prevents lenders from charging higher interest rates in the future.
D) rewards people for saving a percentage of their earnings.

Respuesta :

Credit is a helpful tool because it allows people to borrow money that can be paid back later.(option B)

What is credit?

Credit is when a person makes use of a money he does not have. The money is usually acquired from a lender. The borrower would agree to pay at a future date. Interest is usually attached to the amount borrowed.

For example, if you want to buy a house but do not have the money, you can use mortgage. This is an example of credit.

To learn more about credit, please check: https://brainly.com/question/13864353

#SPJ1

Otras preguntas