The traditional view of credit was grounded in
A) the Protestant work ethic that often regarded debt as sinful.
B) principles of Democracy that emphasize equal opportunity for all consumers, and saw debt as a way to level the playing field of consumption.
C) Islamic law which prohibits credit, even at low rates of interest, because it is usurious.
D) capitalism, which views debt as a legitimate means to create wealth (for the lender).
E) Buddhism, which encourages people to minimize their wants in order to free themselves from the need to use credit.

Question

Quizplus · Accepted Answer

The traditional view of credit was grounded in the Protestant work ethic that often regarded debt as sinful. This view saw borrowing as a moral failing and emphasized the importance of living within one's means and avoiding debt.

The Traditional View of Credit Was Grounded in