If for Some Reason You Can't Pay Your Debt You

question 2

Multiple Choice

If for some reason you can't pay your debt you should:

• A)try to return anything you've purchased.
• B)stop making your house and car payment and concentrate on your credit card bills.
• C)change your phone to an unlisted number.
• D)call your lenders and explain the situation.

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Definitions:

Trading Position

A trading position is the stance an investor takes on the expected future performance of a financial instrument, reflected through either holding or trading the instrument.

Rate of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.

Invested

The act of allocating resources, typically money, into something with the expectation of generating income or profit, such as stocks, bonds, real estate, or a business venture.

Balance of Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports over a given period, indicating a positive balance of trade.