Borrowing is like:
A) selling the right to use your money for a time.
B) buying the right to use someone else's money.
C) selling the right to use someone else's money.
D) buying the right to use your money for a time.

Question

Quizplus · Accepted Answer

Borrowing involves obtaining the right to use someone else's money for a period of time, usually with the agreement to pay back the principal amount plus interest. Therefore, option B is the best choice. Option A suggests selling one's own money, which is not the case in borrowing. Option C suggests selling the right to use someone else's money, which is the opposite of what happens in borrowing. Option D suggests buying the right to use one's own money, which is also not applicable to borrowing.

Borrowing Is Like