Owing to His Impulsive Buying Habits, Ronnie's Unpaid Credit Card

question 141

Multiple Choice

Owing to his impulsive buying habits, Ronnie's unpaid credit card balances pile up to $9,000. As Ronnie does not have enough money to clear his bills, he is in a deep financial crisis. In this scenario, the first step that Ronnie should take is to:

• A) stop using the card so that he does not worsen the situation.
• B) consistently pay a substantial amount of the balance each month toward retiring the debt on his card.
• C) borrow money from banks and other lenders to make the credit card payments.
• D) approach the issuer of the credit card to increase the credit limit for future transactions.

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Definitions:

Top-Down Processing

A cognitive process that starts with a higher-level understanding or expectation to interpret lower-level information in perception or cognition.

Gate-Control Theory

The theory that the spinal cord contains a neurological “gate” that blocks pain signals or allows them to pass on to the brain. The “gate” is opened by the activity of pain signals traveling up small nerve fibers and is closed by activity in larger fibers or by information coming from the brain.

Spinal Cord

The cylindrical bundle of nerve fibers and associated tissue that is enclosed in the spine and connects nearly all parts of the body to the brain.

Neural Gate

A theoretical concept often discussed in the context of pain management, suggesting a mechanism within the nervous system that can open or close to modulate the flow of pain signals to the brain.