3. describe a real or made up but realistic situation in which you would want to use installment credit. (2-4 sentences. 1.0 points)

4. describe a real or made up but realistic situation in which you would want to use noninstallment credit. (2-4 sentences. 1.0 points)

5. describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences. 1.0 points)

6. if you had no credit history yet but wanted to establish one, describe what you could do in order to establish a credit history. (3-6 sentences. 2.0 points)

7. describe two things you can do to make sure you use credit responsibly. explain why these things are important. (2-4 sentences. 2.0 points)

8. if you were old enough to get a credit card but unable to get one because you didn't have enough of a credit history, which of the alternate options for establishing credit would you prefer to use? why? (2-4 sentences. 1.0 points)