One major advantage of credit is that it allows people to:

A. earn interest on money that they invest.
B. eliminate existing debts that they cannot pay off.
C. make a large purchase and pay for it over time.
D. avoid having to make minimum monthly payments.

Credit is borrowed money that allows people to purchase goods and services when needed and pay it back over time. One major advantage of credit is that it enables individuals to make a large purchase and pay for it over time, which can be beneficial for big-ticket items like a car. Moreover, credit scores play a crucial role in determining one's creditworthiness for future loans and financial opportunities.

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One major advantage of credit is that it allows people to:A. earn interest on money that they invest.B. eliminate existing debts that they cannot pay off.C. make a large purchase and pay for it over time.D. avoid having to make minimum monthly payments.

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Other Questions

One major advantage of credit is that it allows people to:

A. earn interest on money that they invest.
B. eliminate existing debts that they cannot pay off.
C. make a large purchase and pay for it over time.
D. avoid having to make minimum monthly payments.