Final answer:
Credit is obtaining goods/services before payment based on trust, where responsible use can help make significant purchases and build a strong credit history.
Explanation:
Credit is the ability to obtain goods and services before payment, based on trust that payment will be made in the future. It involves borrowing money that must be repaid within an agreed-upon time, and it can impact your credit score.
Using credit responsibly can help you make significant purchases like a car or a home, and it plays a crucial role in building a strong credit history for future financial opportunities.
Learn more about Credit here:
https://brainly.com/question/36686336
