Which of the Following Best Describes the Debt Service-To-Income Ratio

question 6

Multiple Choice

Which of the following best describes the debt service-to-income ratio?

• A) the percentage of income devoted to debt payments
• B) the ratio of all essential living expenses i.e., housing, food, and transportation) to income
• C) the average interest charged by credit card companies, plus fees, as a fraction of monthly income
• D) the cost of student load debt amortized over lifetime earnings

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Definitions:

Social Roles

The parts individuals play as members of a social group, which meet the expectations of that group.

Conscious Component

An element of the mind's activity that pertains to thoughts, feelings, and sensations that an individual is aware of at any given moment.

Self-handicapping

A strategy where individuals create obstacles and excuses for themselves so that if they do poorly in a task, they can blame these external factors.

Intrinsic Motivation

The drive to engage in activities for their own sake, motivated by internal satisfaction rather than external rewards or pressures.