An image showcasing a variety of financial activities related to credit use and budgeting. In the foreground, a woman making a $250 monthly car loan payment at a financial institution. In the middle-ground, a different woman at an airport counter, using her credit card to purchase an airline ticket. In the background, include two individuals engaging in various activities: One deciding upon birthday gifts and the other reviewing a financial tool to track their budget. Make sure the image does not contain any text.

1. If a consumer makes monthly payments of $250 to pay off a car loan, what type of credit is she

using?
(1 point)
nonrevolving ••

revolving

short term

unsecured

2. Caitlin wants to buy an airline ticket, but she’s uncomfortable taking that much cash to the
counter at the airport. Instead, she uses her credit card. Which advantage of credit is being
demonstrated here?
(1 point)
emergencies

building a credit line

protection of purchases

purchase power ••

3. Which is an example of a variable expense category? (1 point)

car payment

gym membership

birthday gifts ••

insurance

4. What is a benefit of using a financial tool to track your budget? (1 point)

It provides you discounts for the things you buy most often.

It gives you a visual of your income and expenses. ••

It keeps all of your personal information protected.

It makes banks more likely to offer you low-interest rates.

1. A

2. D
3. C
4. B

Kaylee is 100% correct!

1. A

2. D
3. C
4. B

100% right

School is life is right

1. A
2. D
3. C
4. B

1. A

2. D
3. C
4. B

someone is correct

someone u a real one

I agree.

A

D
C
B

The correct answers are

1. A
2. D
3. C
4. B
Everyone who said those answers are correct.