Dorothy is in her late twenties and has a mid-level management job. As

QUESTION

Dorothy is in her late twenties and has a mid-level management job. As an average consumer, which of the following does she likely need in order to purchase a big-ticket item such as a new car?

A) co-signers
B) intangible assets
C) letters of reference
D) credit
E) stock

ANSWER

Answer: D
Explanation: D) Most ordinary consumers can’t buy big-ticket items (such as cars and houses) without credit.