Which One of the Following Would Not Be a Good

question 109

Multiple Choice

Which one of the following would not be a good use of a home equity loan?

• A)Paying for a college education
• B)Buying a new boat
• C)Putting a new roof on your house
• D)Paying medical bills
• E)Adding a deck on the back of your house

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Definitions:

$100 Billion

A monetary figure signifying a hundred billion dollars, often used to denote significant economic value or financial transactions.

Urban Underclass

A grouping of people, largely minority and poor, who live at the absolute bottom of the socioeconomic ladder in urban areas.

William Julius Wilson

An American sociologist renowned for his work on urban sociology, race, and class in American society.

Permanently Unemployed

Refers to individuals who are out of the workforce for an extended period, with little to no prospect of returning to gainful employment due to various structural or personal factors.