"Wise" Use of Credit Cards Includes the Following Behaviors

question 58

Multiple Choice

"Wise" use of credit cards includes the following behaviors

• A) tracking your purchases.
• B) paying off the entire card balance monthly to avoid interest charges.
• C) using credit if you find something "you just have to have."
• D) Both A and B are correct.

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Definitions:

Cognitive

Relating to the process of thinking, understanding, learning, and remembering, which encompasses various mental activities like perception, reasoning, and judgment.

Dual-Process Theory

A cognitive psychology theory that proposes there are two distinct systems for processing information: a fast, automatic, intuitive system, and a slower, more analytical, deliberate system.

Social Identity Theory

A psychological theory that explains how individuals categorize themselves and others into groups, influencing their sense of self and their interactions with others.

Political Party

An organized group of people with at least roughly similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.