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Credit is a helpful tool because it:
A) ensures that people do not overspend or exceed their ability to pay.
B) allows people to borrow money that can be paid back later.
C) prevents lenders from charging higher interest rates in the future.
D) rewards people for saving a percentage of their earnings

Respuesta :

anthougo

Credit is a helpful tool because it B) allows people to borrow money that can be paid back later.

What is credit?

Credit represents a business agreement to receive goods, services, or money now so that payment can be made in the future.

Credit enables trade and the satisfaction of needs without paying immediately.

Credit also eliminates the payment of huge interest.

Thus, credit is a helpful tool because it B) allows people to borrow money that can be paid back later.

Learn more about Credit at https://brainly.com/question/13964348

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