Why Is It Important to Monitor Your Debt Level

question 120

Multiple Choice

Why is it important to monitor your debt level?

• A) So it does not become so high that you cannot cover the monthly payments
• B) So that you maintain a liquidity ratio of at least 2.5
• C) In order to qualify for another credit card to capture the introductory points
• D) So that your total debt does not exceed your annual income

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Definitions:

Specificity

The ability of a test to correctly identify those without the disease or condition being tested for.

Positive Predictive Value

The probability that subjects with a positive screening test truly have the disease.

Prevalence

The total number of cases of a disease that exist in a particular population at a specific time.

False-Positive Diagnosis

An erroneous identification where a test incorrectly indicates the presence of a condition that is actually absent.