(1 point)
Responses
to score the finance of citizens
to score the finance of citizens
to borrow money for a purchase
to borrow money for a purchase
to enable people to live beyond their means
to enable people to live beyond their means
to create a cycle of debt that is difficult to undo
1 answer
The statement that BEST explains the purpose of credit is:
to borrow money for a purchase
This option directly captures the fundamental purpose of credit, which is to allow individuals or businesses to obtain funds for immediate needs or desires, with the agreement to pay back the borrowed amount later.
