Which best describes a way people can use personal loans?
to buy a house
to buy a bicycle
to pay for college
to pay for groceries
Which best describes a way people can use personal loans?
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Which best describes a way people can use personal loans?
to buy a house
to buy a bicycle
to pay for college
to pay for groceries
The best way people can use personal loans is to pay for college.
Personal loans are often unsecured loans that can be used for various expenses, including education costs. While they can technically be used for all the options listed, personal loans are typically more suited for larger, one-time expenses such as college tuition, rather than ongoing expenses like groceries or smaller purchases like a bicycle.
A personal loan is best described as a means people can use “to pay for college.”
Explanation: Personal loans are typically unsecured loans that individuals can borrow for various purposes, and education expenses like college tuition often require funding that can be covered by a personal loan. However, they can also be used for other personal expenses.