Jerome Has Three Major Credit Cards and Makes Payments on Them

question 4

Multiple Choice

Jerome has three major credit cards and makes payments on them each month. He has had one of them for six years, another for three years, and the last for eleven months. Making just the minimum payment has become automatic at this point, and Jerome barely even looks at the statements. Jerome is beginning to think that his approach to credit may be faulty, and he wants fo find out how to adjust it. He just applied for two additional credit cards.
-Based on his credit card usage, which of the following aspects of a credit card should be most important to Jerome?

• A) the APR on the unpaid balance
• B) a low annual fee
• C) perks and benefits, like frequent flier miles
• D) None of the above are important to Jerome.

Analyze the effects and motivations behind the "war on drugs."

Evaluate the impact of racial stereotypes on perceptions and realities of crime.

Understand the role of immigrants in American crime statistics and societal perceptions.

Examine the racial and gender disparities in prison populations.

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Definitions:

Future Cash Inflows

The expected receipts of cash in the future from investments, operations, or other sources.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Cash Inflow

The total amount of money being transferred into a business, from operations, investments, or financing activities.

Incremental Analysis

A financial decision-making approach focusing on the costs and revenues that change due to a specific decision.