The Key to Creditworthiness Is to Maintain Your Debt Safety

question 54

True/False

The key to creditworthiness is to maintain your debt safety ratio at 50% or above.

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Definitions:

Spending Power

The financial ability of individuals or groups to purchase goods and services, often influenced by income and economic conditions.

Population

In research or demographics, it refers to the total group of individuals or items that is the subject of statistical analysis.

Subcultures

Subgroups within the larger, or national, culture with unique values, ideas, and attitudes.