Select the correct answer.

Question

Sheldon bought a new TV for his apartment with his credit card. Which type of credit is demonstrated in this scenario?
A.
secured credit
B.
unsecured credit
C.
long-term credit
D.
installment credit

Answer 1

The correct answer is B. unsecured credit.

In this scenario, Sheldon is using his credit card to make a purchase, which typically falls under the category of unsecured credit because it is not backed by collateral.