which person would most likely need a credit card? person a: i just got a new job so i want to buy a bigger…

which person would most likely need a credit card? person a: i just got a new job so i want to buy a bigger house. id like to take out a big loan that i can pay off over a long time while im living in the house. person b: i want to buy a new television, but i dont want to take out a loan. id rather just get an advance on my next paycheck so i can buy the tv right now. person c: i just got into medical school, but the tuition is really expensive. i need to borrow some money to pay for school. i can pay it back after i get a job as a doctor. person d: i dont need to borrow money right now, but i want to have access to money whenever i might need it. it would be nice to be able to pay off some bigger purchases over time. a. person c b. person a c. person d d. person b

which person would most likely need a credit card? person a: i just got a new job so i want to buy a bigger house. id like to take out a big loan that i can pay off over a long time while im living in the house. person b: i want to buy a new television, but i dont want to take out a loan. id rather just get an advance on my next paycheck so i can buy the tv right now. person c: i just got into medical school, but the tuition is really expensive. i need to borrow some money to pay for school. i can pay it back after i get a job as a doctor. person d: i dont need to borrow money right now, but i want to have access to money whenever i might need it. it would be nice to be able to pay off some bigger purchases over time. a. person c b. person a c. person d d. person b

Answer

Brief Explanations:

Person A wants to buy a bigger house and take out a long - term loan to pay it off while living in the house, which is a typical situation where a loan is needed for a major purchase. Person B wants to buy a TV but prefers to use an advance on their paycheck instead of taking a loan. Person C needs a loan for medical school tuition to be paid back after getting a job as a doctor. Person D doesn't need a loan immediately but wants access to money for future larger purchases. A mortgage (long - term loan for a house) is a common type of loan, and Person A's situation best fits the description of someone likely needing a loan.

Answer:

B. Person A