American_Bankers_Association
CTFA · Question #342
CTFA Question #342: Real Exam Question with Answer & Explanation
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Question
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?
Options
- AWhen some clothes you like go on sale
- BWhen the interest on the loan is greater than the interest you get on your savings
- CWhen you need to buy a car to get a much better paying job
- DWhen you really need a weeklong vacation
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