You Have a Friend That Has Run Up a Pretty

question 16

Essay

You have a friend that has run up a pretty large balance on his credit card. He mentions to you that he has missed a few payments but doesn't think it is that big of a deal since all it cost him is a little more interest on his balance. You tell him it may end up costing him a lot more that. He presses you for an explanation. Explain to him how his handling of this debt can impact what he pays for future debt.

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Definitions:

Hutus and Tutsis

Ethnic groups primarily associated with Rwanda and Burundi, historically intertwined and affected by colonial history and conflict.

Saddam Hussein

Former president and dictator of Iraq, known for his brutal regime and eventual overthrow and execution.

Political Organization

Structures and institutions through which communities and societies govern themselves and make decisions affecting their members.

Tribe

In anthropology, the term for a range of kin-ordered groups that are politically integrated by some unifying factor and whose members share a common ancestry, identity, culture, language, and territory.