Which of the Following Is/are a Signal of Potential Debt

question 64

Multiple Choice

Which of the following is/are a signal of potential debt problems?

• A)Paying only the minimum balance each month
• B)Missing payments or paying late
• C)Using savings to pay routine bills
• D)Depending on overtime to meet everyday expenses
• E)All of these are danger signals

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Definitions:

Physiological Needs

Basic physical requirements essential for human survival, such as food, water, warmth, and rest, as identified in Maslow's hierarchy of needs.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, asserting that people are motivated to achieve certain needs and that some needs take precedence over others in a five-tier model of human needs.

Food And Water

Essential nutrients and hydration necessary for survival and health in humans and animals.

Survival

The ability of a business or individual to continue operating or existing despite facing challenges or adversities.