Which of the Following Are Signs of Debt Problems

question 59

Multiple Choice

Which of the following are signs of debt problems?

• A)you continually go over your spending limit
• B)use credit cards as a necessity rather than as a convenience
• C)always borrowing money to make it from one payday to the next
• D)A and B are correct.
• E)A, B and C are correct.

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Definitions:

Good

A tangible or intangible product that can satisfy a need or desire, and is transferable from one person to another.

Budget Constraint

The limits imposed on household choices by income, wealth, and product prices.

Price of Gasoline

The cost per unit (typically per liter or gallon) of gasoline, which fluctuates based on factors like crude oil prices, taxes, and supply and demand dynamics.

Gallons of Gasoline

A measure of volume used in the United States for gasoline, with one gallon equal to approximately 3.785 liters.