Question

Emily discovers that she is now paying $2500 for something she bought for just $500. What financially irresponsible decision might Emily have made?

A.


She paid cash for the purchase to reduce her debt.


B.


She used her credit card to pay off the full balance.


C.


She got an easy-access loan and extended it 4 times.


D.


She budgeted for the items that she needs.

Answer 1

The correct answer is B. She used her credit card to pay off the full balance. Emily discovers that she is now paying $2500 for something she bought for just $500. The financially irresponsible decision might Emily have done is that she used her credit card to pay off the full balance.