It Is Not a Good Idea to Use Credit for

question 52

Multiple Choice

It is not a good idea to use credit for

• A) convenience.
• B) durable expenses.
• C) consumable items.
• D) investments.
• E) improving one's credit rating.

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Definitions:

Legitimacy

The general belief that a rule, institution, or leader has the right to govern or exercise authority.

Extraordinary Personal Traits

Unique and remarkable characteristics or qualities that set an individual apart from others.

Moral Consent

The agreement or approval given by an individual based on ethical or moral grounds, often related to personal or societal values.

Wealth

An abundance of valuable resources or material possessions, or the control of such assets.