Credit Allows You to Acquire an Asset or to Obtain

question 36

True/False

Credit allows you to acquire an asset or to obtain a loan and repay the balance at a later time.

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Definitions:

Culturally

Pertains to the customs, beliefs, arts, institutions, and all other products of human work and thought considered as a unit or characteristic of a particular community or population.

Economically

Pertains to the aspects or matters related to the economy, encompassing production, distribution, and consumption of goods and services.

Politically

Pertaining to politics, it relates to the practices, theories, and policies associated with governing a society or community, including the activities of the state or political actors.

Cultural Imperialism

The practice of promoting and imposing a culture, usually of politically and economically dominant nations over less powerful societies, often leading to the undermining of local cultures.