Improper Use of Credit May

question 79

Multiple Choice

Improper use of credit may

• A) increase your ability to save money.
• B) make it necessary to file for bankruptcy.
• C) increase your personal wealth.
• D) All of the above.

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Definitions:

Normal Good

a good for which demand increases as the income of consumers increases and falls when their income decreases, assuming all other factors are constant.

Income Level

The amount of monetary or material wealth that an individual, family, or group receives, usually quantified on an annual basis.

Chocolate-Covered Peanuts

Peanuts that have been coated in a layer of chocolate, serving as a sweet and crunchy snack.

Preference

An individual's choice or inclination towards a specific option among a set of alternatives based on tastes, utility, or desirability.