Which situation is an example of a person making use of credit?A.A college student saves up money in order to buy a cheap used car.B.A business owner takes out a loan to expand and redecorate her offices.C.An architect puts his weekly paychecks into a savings account at a local bank.D.A farmer sells most of her crops to customers who live near her farm.

Which of the following is not an informal source of credit?*1 point(a) Money-lender(b) Relatives and Friends(c) Commercial Banks(d) Traders

Borrowing money is an example of:Group of answer choicesa non-cash activity.a financing activity.an investing activity.an operating activity.

Which of the following best illustrates the use of money as a unit of account?a.A student buys books with money.b.A business owner keeps track of every dollar spent and receipt.c.A high school student contributes money from a summer job to a savings account that will be used to contribute to the cost of attending college.d.A child pays for chocolate with money.

Why is credit a helpful tool for businesses and consumers?A.It allows them to borrow money that can be paid back later.B.It prevents banks from charging them interest on loans.C.It rewards them for saving a large percentage of their earnings.D.It keeps their money safe and easily accessible in a bank.

Borrowing money is an example of a/an:Group of answer choicesoperating activity.financing activity.marketing activity.investing activity.