Consumer Credit

question 134

Multiple Choice

Consumer credit

• A) Is a privilege of the affluent.
• B) Dates back to colonial times.
• C) Carries no finance charge.
• D) Is not a major force in our economy.
• E) Use has been declining in recent years.

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Definitions:

Young Adults

Individuals in a life stage spanning from late adolescence to early thirties, typically characterized by increased independence and exploration of personal and professional identities.

United States

A country in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Get Married

The formal or legal recognition of a partnership between two individuals, typically signifying the beginning of a familial unit.

Challenges

Difficulties that require effort and determination to overcome.