Always Paying Cash Is Helpful in Establishing a High Level

question 33

True/False

Always paying cash is helpful in establishing a high level of creditworthiness.

---

Definitions:

Government Fund

A financial allocation from the government aimed at supporting specific projects, sectors, or initiatives, often involving public resources.

Cafeteria-Style Benefits Plans

Allow employees to choose those benefits they really want.

Adverse Selection

A situation in economics and insurance where a party’s lack of information leads to a transaction with another party who has a distinct advantage, often seen in markets for goods like used cars or in health insurance.

Benefit Costs

The expenses incurred by an organization in providing benefits such as health insurance, retirement plans, and leave entitlements to its employees.