In the Beginning of 2013, the Average Credit Card Debt

question 21

Multiple Choice

In the beginning of 2013, the average credit card debt for U.S. families was about how much?

• A) $5,400
• B) $7,500
• C) $10,200
• D) $15,400
• E) $18,100

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Definitions:

Option Contract

A contract granting the option holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time period.

Legal Consideration

Something of value that is promised in exchange for performing an act or refraining from acting, forming a necessary element of a valid contract.

Open Offer

An invitation to all shareholders to purchase additional shares in the company, typically at a discount, and not limited to a specific number of shareholders.

Reasonable Intent

A legal standard assessing what a person of ordinary intelligence and prudence would intend under certain circumstances.