Which of the following is a use of credit?
A)buying groceries with cash
B)purchasing home by taking out a mortgage
C)purchasing something in exchange for a service
D)paying with a personal check***
A check is backed by the money in your account. What IS credit? Your answer is wrong.
cred·it
[ˈkredət]
NOUN
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future:
"I've got unlimited credit"