Which of the Following Forms of Consumer Credit Is the Cheapest

question 18

Multiple Choice

Which of the following forms of consumer credit is the cheapest and offers tax shelters?

• A)Overdraft protection lines
• B)Home equity credit lines
• C)Credit cards
• D)Unsecured personal credit
• E)The Wage Earner Plan

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Definitions:

Ethical Principle

Fundamental guidelines that dictate the behavior and decision-making process of individuals or organizations, ensuring actions are morally right.

Unjust Favoritism

A situation where preferential treatment is given without fair standards or merit, often leading to dissatisfaction and conflict within groups.

Group Harmony

The state of agreement and cooperation among members of a group, achieved by minimizing conflicts and emphasizing common interests.

Individualism

A theoretical approach that prioritizes individual autonomy over the power of groups or governmental authority.