If You Are Expecting Difficulties in Making Your Payments, It

question 57

Multiple Choice

If you are expecting difficulties in making your payments, it is recommended that you:

• A) talk to the creditors.
• B) declare bankruptcy.
• C) file a legal complaint.
• D) obtain more credit.
• E) transfer your debt to another creditor.

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Definitions:

Highly Educated

Refers to individuals who have received a high level of education, usually at least a university degree.

Stock

A form of security that indicates the holder has proportionate ownership in the issuing corporation.

Dividends

These are distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Shareholders

Individuals or entities that own shares in a corporation, thus having an interest in its performance and profitability.