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Question
multiple choice question
which of the following is not a valid reason for using credit?
buying a car to travel to work
college education
medical emergency
borrowing for everyday expenses
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Valid credit uses are for necessary, large or urgent expenses that enable future stability or address critical needs. Everyday expenses are typically covered by regular income, and using credit for them can lead to unnecessary debt as they are recurring, small-cost items that don't provide long-term value or address an emergency/essential investment.
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D. borrowing for everyday expenses