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Under which of the following circumstances would it be financially beneficial to you to borrow money to buy something now and repay it with future income?



A. When some clothes you like go on sale.
B. When the interest on the loan is greater than the interest you get on your savings.
C. When you need to buy a car to get a much better paying job.
D. When you really need a week vacation.

This question is part of FoolProof Financial Literacy Quiz

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foolproofteacher

Foolproofteacher

Answered on Mar 02, 2017

When you need to buy a car to get a much better paying job.

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