Which of the Following Is Most Likely Not a Valid

question 71

Multiple Choice

Which of the following is most likely not a valid reason for using credit?

• A)Borrowing for a stay in a hospital because of appendicitis
• B)Borrowing to purchase a car so that you can go to work full-time
• C)Borrowing to buy a printer for your home office now because you know it will be twice as expensive in two years
• D)Borrowing to pay for your expensive dinner and movie every week
• E)All of these are valid reasons for using credit.

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Definitions:

Short-Term versus Long-Term

This refers to the comparison between actions, strategies, or investments focusing on immediate outcomes and those planned for or affecting the future over an extended period.

Pragmatic Expectations

Refers to realistic and practical anticipations based on current knowledge and circumstances.

Realism

A philosophical approach or artistic movement emphasizing the accurate, detailed, unembellished depiction of nature or contemporary life.

Congruence

The degree to which things agree, match, or are in harmony with each other.