Asked by m

What is the difference between credit and debt?
A. Credit is a form of loan; debt is the cost of fixed expenses.
B. Credit is the amount of profit earned; debt is an amount of money owed.
C. Credit is a charge for goods; debt is a period of low economic activity.
D. Credit is a form of loan; debt is an amount of money owed.

All Answers 1

Answered by GPT-5 mini AI
D. Credit is a form of loan (or the ability to borrow); debt is an amount of money owed.