hannah32010
Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Please please please HeLp!

Which of the following statements explains why using a credit card is similar to taking out a loan?



Both loans and credit cards are designed to help you save money on items you need.



Loans and credit cards are only used to purchase expensive items like cars or furniture.



You must own a house to get a loan or credit card.



Usually you pay back more money than you borrowed from a lender or credit company.

Sagot :

TheMischeviousChild

Answer:

usually you pay back more money then you borrowed

Step-by-step explanation:

I just know lol jk

loans and credit use interest when you pay back so in the end you pay back a bit more then you had originally paid

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.