Which of the Following Forms of Consumer Credits Is the Cheapest

question 17

Multiple Choice

Which of the following forms of consumer credits is the cheapest and offers tax shelters?

• A) Automobile loans
• B) Home equity loans
• C) Credit cards
• D) Unsecured personal credit
• E) Travel and entertainment cards

---

Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and growth over time.

Percentage Change

A mathematical calculation to determine the degree of change over time, expressed as a percentage.

Imports

Goods or services brought into one country from another, contributing to the supply in the domestic market and affecting the nation's trade balance.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to national income.