At the Beginning of 2014,according to CreditCards

question 76

True/False

At the beginning of 2014,according to CreditCards.com and Cardweb.com,the average credit card debt per household with at least one credit card was $15,279,up from $2,985 in 1990.

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Definitions:

Nominal Rate

The interest rate before adjustments for inflation, indicating the gross rate of return on an investment.

Holding-Period Return

The total return received from holding an asset or portfolio over a specified period, accounting for all income and capital gains.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in the form of cash payments or additional shares.