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?

Question

Arti Karangiya · Accepted Answer

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

Arti Karangiya · Answer

When some clothes you like go on sale

Arti Karangiya · Answer

When the interest on the loan is greater than the interest you get on your savings

Arti Karangiya · Answer

When you really need a weeklong vacation

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Question 368 - CTFA discussion

Suggested answer: C

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