A Good Rule of Thumb Is to Limit Consumer Credit

question 19

Multiple Choice

A good rule of thumb is to limit consumer credit payments to no more than ________ percent of your net (after tax) income.

• A)20
• B)30
• C)40
• D)50
• E)60

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Definitions:

Infant Recall

The ability of very young children to remember information over time, a critical aspect of cognitive development.

Passive Engagement

The act of involvement in an activity without active participation, often referring to the manner in which people consume media or interact with digital content.

Familiar Surroundings

Environments or settings that are well known and comfortable to an individual, often providing a sense of security.

Emotional Engagement

The investment of emotion and affect in activities, relationships, or learning, which can influence motivation and outcomes.