Having Completed a Personal Finance Class,you Are Now Ready to Give

question 141

Multiple Choice

Having completed a personal finance class,you are now ready to give some advice to your free-spending friends.Which one is unwise?

• A)Reduce the credit card balance.
• B)Resolve any billing errors.
• C)Quit using credit cards altogether.
• D)Look for trouble signs in credit card spending.
• E)Control your spending through discipline.

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Definitions:

Sherman Act

In the United States, a crucial antitrust act that disallows monopoly practices and actively supports competitive market activities.

Zoning Ordinance

A law that specifies how land within a jurisdiction can be used, dividing areas into zones (e.g., residential, commercial).

Criminal Penalties

Sanctions imposed for violations of criminal law, which can include fines, imprisonment, or other forms of punishment.

Clayton Act

A U.S. antitrust law aimed at promoting fair competition for the benefit of consumers, preventing mergers and acquisitions that significantly reduce market competition.