Question

select all that apply
in what way can credit help consumers live more efficient and productive lives?

buying trendy clothes to look fashionable
getting a loan for a medical emergency
buying an automobile for work
getting a loan for tv

Explanation:

• Buying trendy clothes is a discretionary, non-productive expense that does not boost efficiency or productivity.
• A medical emergency loan addresses urgent health needs, allowing consumers to recover quickly and return to work/ daily productive activities.
• A work automobile enables reliable, faster commuting or work-related travel, increasing work efficiency and productivity.
• A loan for a TV is a non-essential purchase that does not directly enhance efficiency or productivity.

Answer:

B. Getting a loan for a medical emergency
C. Buying an automobile for work