Question

Which are considered types of credit available to borrowers? Check all that apply.

personal loans
bonds
credit cards
mortgages
cash
auto loans
gift cards

Answer 1

Correct choices: personal loans, credit cards, mortgages, auto loans.

Briefly:
- Personal loans, credit cards, mortgages, and auto loans are forms of credit (you borrow now and repay later).
- Bonds are debt instruments used by governments/corporations to borrow money (not a typical consumer credit product).
- Cash and gift cards are means of payment, not credit.