Which of the Following Is the Best Advice About the Use

question 14

Multiple Choice

Which of the following is the best advice about the use of credit cards?

• A) Except for very small purchases, credit cards should always be used instead of cash.
• B) The best approach to credit cards is never even to apply for one.
• C) Credit cards are an important part of a personal financial system, but they should be used with care and discipline to avoid their high financial costs.
• D) Credit cards are most useful when making large purchases (over $500), because they allow you to spread out the payments so they fit in your budget.

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Definitions:

Reality Principle

In psychoanalytic theory, the ability of the mind to assess the external world and act upon it accordingly, often in contrast with the pleasure principle.

Id

According to Freudian psychoanalytic theory, it is the part of the mind that contains instinctual desires and operates based on the pleasure principle.

Ego

in Freudian psychology, is the part of the personality that mediates between the instincts and the external world, aiming for a realistic approach to gratification.

Executive Part

The region of the brain, particularly the prefrontal cortex, responsible for higher-order functions such as decision making, problem solving, and impulse control.