American Bankers Association CTFA Exam - Topic 2 Question 102 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 102
Topic #: 2

[All CTFA Questions]

Under which of the following circumstances would it be financially beneficial to you to borrow money to buy something now and repay it with future income?

AWhen some clothes you like go on sale

BWhen the interest on the loan is greater than the interest you get on your savings

CWhen you need to buy a car to get a much better paying job

DWhen you really need a weeklong vacation

Show Suggested Answer

Suggested Answer: C

by Anissa at Apr 10, 2026, 01:18 PM

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Sharita

3 days ago

I think option C makes the most sense since getting a better-paying job could outweigh the cost of borrowing.

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