Questions You Should Consider Before You Decide How and When

question 27

Multiple Choice

Questions you should consider before you decide how and when to make a major purchase include all except

• A)do I have the cash I need for a down payment
• B)do I want to use my savings for this purchase
• C)could I postpone this purchase
• D)what are the psychological costs of using credit (being in debt and responsible for monthly payments)
• E)all these questions should be considered

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Definitions:

Exacerbation

A worsening of a disease or its symptoms, often leading to an increase in severity or frequency of symptoms.

Loss of Benefits

The discontinuation or reduction of welfare, insurance, or employee benefits, often due to changes in employment, income, or family status.

Social Security Disability Insurance

Social Security Disability Insurance (SSDI) is a federal insurance program that provides benefits to people who are unable to work due to a medically determined disability.

Supplemental Nutrition Assistance Program

A federal aid program in the United States that provides food-purchasing assistance for low- and no-income people.