For the Typical Consumer, One Difference Between the Stage 2

question 66

Multiple Choice

For the typical consumer, one difference between the stage 2 in the Financial Life Cycle and stage 3 in the Financial Life Cycle is that:

• A) during stage 2, you will earn more than you spend; whereas during stage 3 you will spend more than you earn.
• B) during stage 3 you will earn more than you spend; whereas during stage 2 you will spend more than you earn.

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Definitions:

Screws

Fasteners with a threaded shaft designed to hold objects together or to position them.

Threaded

Describes the process or the characteristic of incorporating threads for parallel execution in programming or mechanical connections.

Metallic

Pertaining to metals, their properties, characteristics, or appearance.

Necessary Condition

A condition that must be present for an event or statement to be true or to occur.