Question

Which of these statements best describes the difference between credit and debt? A. Credit measures ability to sell, while debt means money earned. B. Credit measures money owed, while debt means money available. C. Credit measures ability to buy, while debt means money owed. D. Credit measures ability to buy, while debt means money available.

Answer 1

"C. Credit measures ability to buy, while debt means money owed" is correct. Debt and credit and intertwined in that it often takes a certain amount of debt to gain credit, but not always.