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Credit Is Commonly Used to Cover Both Large and Small

Question 1

Multiple Choice

Credit is commonly used to cover both large and small expenses.What is the best way to think about credit?


A) Most Canadian are overextended on credit.
B) It is a better source of liquidity than an emergency fund.
C) It is an important part of liquidity but needs to be managed.
D) It should never be used for liquidity.

Correct Answer:

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