Many experts regarded the large increase in credit card borrowing in March not as a sign that households were pressed for cash and forced to borrow, rather a sign of confidence by households that they could safely handle new debt.

• Arather a sign of confidence by households that they could safely  
• Byet as a sign of households' confidence that it was safe for them to  
• Cbut a sign of confidence by households that they could safely  
• Dbut as a sign that households were confident they could safely  
• Ebut also as a sign that households were confident in their ability safely to