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Question 378 - CTFA discussion

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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
Answers
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
Answers
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
Answers
C.
When you need to buy a car to get a much better paying job
D.
When you really need a weeklong vacation
Answers
D.
When you really need a weeklong vacation
Suggested answer: C
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asked 16/09/2024
Alexander Castro
42 questions
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