Multiple Choice
Which of the following situations would be impacted by an owner's subsurface rights?
59
views
1. Introduction to Accounting
Types of Accounting
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which type of credit are people most likely to use for small purchases during their lifetime?
A
Mortgage loans
B
Credit cards
C
Auto loans
D
Home equity lines of credit
Verified step by step guidance1
Understand the types of credit listed in the problem: Mortgage loans, Auto loans, Home equity lines of credit, and Credit cards. Each type serves a specific purpose and is used for different financial needs.
Mortgage loans are typically used for purchasing real estate and are not suitable for small purchases due to their large amounts and long-term nature.
Auto loans are specifically designed for purchasing vehicles and are not applicable for small, everyday purchases.
Home equity lines of credit allow borrowing against the equity in one's home, often for larger expenses or projects, not small purchases.
Credit cards are designed for convenience and flexibility, making them the most likely type of credit people use for small purchases during their lifetime. They allow quick transactions and are widely accepted for everyday expenses.
4:10mWatch next
Master Types of Accounting: Financial and Managerial with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Types of Accounting practice set
Problem sets built by lead tutorsExpert video explanations