Excessive Use of Credit Can Impair Your Ability to Save

question 10

True/False

Excessive use of credit can impair your ability to save money.

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Definitions:

Invitation to Negotiate

A communication or action that suggests willingness for discussions to explore potential agreements or terms, but not constituting an official offer.

Legal Determination

The official decision or conclusion reached by a judge, agency, or regulatory body on matters of law.

Unilateral Contract

A contract where only one party makes a promise to perform an action in exchange for a performance by the other party.

Bilateral Contract

A contractual agreement in which both parties exchange mutual promises to perform certain things.