The type of credit people are most likely to use for small purchases during their lifetime is:
a credit card.
a personal loan.
an auto loan.
a mortgage.
The type of credit people are most likely to use for small purchases during their lifetime is:
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The correct answer is: a credit card.
Explanation: Credit cards are typically used for small purchases because they offer a convenient way to buy items without needing to pay cash upfront. They allow consumers to borrow money up to a certain limit and pay it back over time, making them ideal for everyday expenses. Personal loans, auto loans, and mortgages are generally used for larger purchases or long-term financing needs.