In Order to Get Out of Debt,it Is Recommended That

question 125

Multiple Choice

In order to get out of debt,it is recommended that you do all of the following except:

• A)cut up your credit cards.
• B)start living on a cash-only basis.
• C)try to lower your monthly bills.
• D)take out a cash advance on one card and pay off the others with the cash received.

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Definitions:

Component Cost

Component cost refers to the cost associated with each separate element or 'component' in the process of calculating a company's Weighted Average Cost of Capital (WACC).

Debt Issue

The act of a company raising money through the sale of bonds or other fixed-income securities.

Tax Rate

The percentage at which an individual or corporation is taxed. The tax rate may vary based on income level, type of income, or other factors.

IOS

Stands for Input/Output System or alternatively, iOS, Apple Inc.'s mobile operating system used for its iPhones and iPads, depending on context.