credit is a helpful tool because it.\na. rewards people for saving a percentage of their earnings.\nb…
credit is a helpful tool because it.\na. rewards people for saving a percentage of their earnings.\nb. prevents lenders from charging higher interest rates in the future.\nc. ensures that people do not overspend or exceed their ability to pay.\nd. allows people to borrow money that can be paid back later.
Answer
Brief Explanations:
Credit is a financial tool that enables individuals or entities to borrow money with the obligation to repay it later, often with interest. Option A is about savings rewards, not credit. Option B is incorrect as credit doesn't prevent future interest - rate increases. Option C is wrong because credit doesn't ensure non - overspending. Option D correctly describes the basic function of credit.
Answer:
D. allows people to borrow money that can be paid back later