Jasper needs $1,000 quickly to pay for booth space at a very prestigious trade show.Her friends and family have already loaned her money and she has no business assets.How should Jasper pay for the trade show?
A) line of credit
B) mortgage
C) term loan
D) credit card

Question

Quizplus · Accepted Answer

Since Jasper needs the money quickly and has no business assets, applying for a line of credit or term loan may take too long or may not be approved. Similarly, a mortgage would not be feasible as it involves putting up property as collateral. The best option for Jasper would be to use a credit card, which allows for quick and easy access to funds. However, she should be aware of the high interest rates and fees associated with credit card usage and make a plan to pay off the debt as soon as possible.

Jasper Needs $1,000 Quickly to Pay for Booth Space at a Very