Question

HELP PLEASE!

Which of the following is NOT an example of
when people talk about taking out a loan?
A. Borrowing money from a bank to buy a car.
B. Getting a five year loan to purchase a car.
C. Any kind of bill that is paid in full each month.
D. Borrowing money and agreeing to pay back a little each month.

Answer 1

Answer: C.

Explanation: When you pay any bill, you don't borrow money, you give your own money to the company or whoever you are giving the money to.