Which of the Following Is Not a Major Warning Sign

question 43

Multiple Choice

Which of the following is not a major warning sign that you are headed for financial trouble?

• A)Cash advances on credit cards
• B)Net worth is increasing
• C)No emergency fund
• D)Taking money from retirement savings

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Definitions:

Circular Flow Model

An economic model illustrating the movement of goods, services, and money between households and businesses in an economy.

Demand

The desire and ability of consumers to purchase goods or services at given prices, playing a critical role in determining market prices and quantities.

Supply

The aggregate availability of a product or service for acquisition at a designated price.

Competition

A market situation in which multiple sellers are trying to sell their product or service to the same buyers, leading to a struggle for market share.