A Method Not Recommended for Getting Out of Excessive Credit

question 132

Multiple Choice

A method not recommended for getting out of excessive credit card debt is to

• A)negotiate with your creditors to lower your payments and interest rates.
• B)consider transferring existing balances on high-interest rate accounts to an account with a lower interest rate.
• C)pay the minimum amount due on your high interest-rate cards, and pay as much as possible on the lowest interest-rate cards.
• D)not open new credit accounts or accept any new credit offers.

---

Definitions:

Max Weber

A German sociologist, philosopher, and political economist whose works are fundamental to the modern field of sociology, known for his ideas on the Protestant ethic and the development of capitalism.

Feminism

A movement for gender equality, advocating for women's rights on the grounds of political, social, and economic equality to men.

Religion

A set of beliefs, practices, and moral values that involves the worship of a higher power or supernatural being(s).

Patriarchal

Describing a social system where men hold primary power and predominate in roles of leadership, moral authority, and control of property.