1. Valid reasons for using credit include all of the following except

Multiple Choice

• medical emergency

• borrow for everyday living expenses

• acquiring a car to return to the workforce

• borrowing for a higher education

• buying an item now will cost less than in the future

• 2. Which of the following is not an example of revolving credit?

• Multiple Choice

• mortgage

• overdraft protection

• charge cards

• line of credit.

• bank card credit