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#7. Which is the most likely scenario in which someone would take out a short-term loan with a bank? A. to buy a skateboard B. to buy a second home C. to pay for credit card deb…

#7. Which is the most likely scenario in which someone would take out a short-term loan with a bank? A. to buy a skateboard B. to buy a second home C. to pay for credit card deb…
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#7. Which is the most likely scenario in which someone would take out a short-term loan with a bank?

A. to buy a skateboard
B. to buy a second home
C. to pay for credit card debt
D. to buy a car

asked
User Gertsen
by
7.6k points

1 Answer

3 votes
Since it is a short term loan, it wouldn't be a second home or a car, because those are paid for over the course of YEARS.
A skateboard is usually ~100$ and doesn't need a loan.

Your answer is C) To pay for credit card debt
answered
User Mark Semsel
by
7.8k points
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