Which of the Following Is Not a Reason That People

question 72

Multiple Choice

Which of the following is not a reason that people apply for credit and end up getting into debt?

• A)Overdraft protection
• B)Getting enticed by low introductory rates
• C)Not paying any more than the minimum payment
• D)Strong temptation of instant gratification

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Definitions:

Prices

The amount of money required to purchase a good or service, often influenced by supply and demand dynamics.

Unemployment Problem

A socio-economic issue characterized by a high number of individuals in a labor force being unable to find jobs, often leading to financial hardship and decreased consumer spending.

Sticky Downward

A situation in economics where prices, especially wages, are resistant to decreasing even in conditions where a decrease would be expected.

Net Taxes

Net taxes are the total taxes paid to the government after subtracting transfers and subsidies received from the government.