Before Taking Out a Loan, You Should Ask Yourself Whether

question 129

Multiple Choice

Before taking out a loan, you should ask yourself whether you can meet all of your essential expenses and still afford the monthly loan payments. This can be determined by

• A) Adding up basic monthly expenses then adding this total to take-home pay.
• B) Asking what you plan to purchase with the loan
• C) Multiplying your take-home pay by 50% and subtracting your current loan payments.
• D) Adding up basic monthly expensesand subtracting this total from take-home pay, plus figuring out what to give up to make the monthly loan payment.
• E) None of the above

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Definitions:

Behavior Genetics

The field of study that examines the role of genetic and environmental factors in shaping behaviors.

Genetic and Environmental Influences

The combined effects of biological/genetic predispositions and environmental factors in shaping an individual's traits and behaviors.

Epigenetics

The study of heritable changes in gene expression that do not involve changes to the underlying DNA sequence, influenced by environmental factors.

Genomics

The study of genomes, the complete set of DNA within an organism, focusing on the structure, function, evolution, and mapping of genomes.