Question

#7. Which is the most likely scenario in which someone would take out a short-term loan with a bank?
A. to buy a skateboard
B. to buy a second home
C. to pay for credit card debt
D. to buy a car

Answer 1

Since it is a short term loan, it wouldn't be a second home or a car, because those are paid for over the course of YEARS.
A skateboard is usually ~100$ and doesn't need a loan. 

Your answer is C) To pay for credit card debt