Joe and Megan Are Newly Married College Graduates

question 7

Multiple Choice

Joe and Megan are newly married college graduates. Both have jobs with bright futures. One strategy that they could use to accumulate capital for investment purposes, would be to

• A) borrow heavily to buy a house.
• B) use their credit cards to acquire assets while prices are relatively low.
• C) live on just one of their incomes and save the other.
• D) quit their jobs and return to school to earn graduate degrees.

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Definitions:

Contract

A pact between two or more parties that is recognized and enforceable by law.

Immoral

Behavior or actions that are considered to be in violation of ethical principles or social values.

Public Interest

The welfare or well-being of the general public, considered as a guiding principle in legislative, judicial, and administrative actions.

Void

In legal terms, Void refers to something that is legally null, without legal effect, or unenforceable from the outset.