Credit Should Be Used Only When Necessary, Since It Usually

question 42

True/False

Credit should be used only when necessary, since it usually involves borrowed funds that you will need to pay back with interest.

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Definitions:

Quarantine Doctrine

A geopolitical strategy aimed at isolating a country or region to prevent the spread of ideologies or infectious diseases, often by imposing restrictions on travel or trade.

Four Freedoms

A set of ideals proclaimed by President Franklin D. Roosevelt including freedom of speech, freedom of worship, freedom from want, and freedom from fear.

"Good Neighbor" Policy

A foreign policy approach adopted by the United States, first mentioned by President Herbert Hoover but more closely associated with President Franklin D. Roosevelt, aimed at strengthening diplomatic and economic relations with Latin American countries in the 1930s, emphasizing cooperation and non-intervention.

"Gentleman's Agreement"

An informal and unwritten agreement upheld by the honor of the parties involved, rather than by legal obligation.