Question

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.

Answer 1

usually you pay back more money then you borrowed

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