Which Situation Below Is a Sign You Could Be in Financial

question 17

Multiple Choice

Which situation below is a sign you could be in financial trouble?

• A)You make only the monthly payments on credit cards.
• B)You pay off balances month-to-month.
• C)You have little savings.
• D)You are only slowly bringing down your credit card balances.

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Definitions:

Restrict Imports

This is the imposition of government regulations or tariffs to limit the number and value of foreign goods entering a country.

General Agreement

A broadly accepted understanding or accord among parties on a particular issue or set of issues.

Tariffs and Trade

Taxes imposed on imported goods, often used by governments to protect domestic industries from foreign competition and generate revenue.

Multilateral Forum

An international platform where multiple countries come together to discuss and negotiate issues of mutual interest.