Which of the Following Is a Reason That Consumption Depends

question 7

Multiple Choice

Which of the following is a reason that consumption depends on current income,and not just on total wealth?

• A)Banks will not always lend money to those who want to consume more than their income.
• B)The anticipation of future financial distress makes some people reluctant to borrow.
• C)Low income people may prefer to postpone some consumption until later years, when their incomes are higher.
• D)all of the above
• E) none of the above

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Definitions:

Dependable And Accountable

Characteristics of being reliable in fulfilling one's duties and responsibilities, and willing to accept responsibility for one's actions.

Actively Listening

The process of fully concentrating, understanding, responding, and remembering what is being said.

Digital Information Fluency

The ability to find, evaluate, and use digital information effectively, efficiently, and ethically.

Recognizing Information Needs

The process of identifying gaps in knowledge that require information to be sought out and gathered.