Wendy Is a Consumer Who Files For,and Is Granted,a Discharge

question 1

Multiple Choice

Wendy is a consumer who files for,and is granted,a discharge of her debts in bankruptcy.The consequences to Wendy of this discharge are most likely to include

• A)blemished credit ratings for up to ten years.
• B)favorable publicity.
• C)lower interest charges for new debts.
• D)unexpected job offers from potential employers.

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Definitions:

Tariff Revenue

Income that a government earns from imposing taxes on imported goods.

United States

A country located in North America, known for its significant economic, political, and cultural influence worldwide.

Tariff

A tax imposed by a government on goods and services imported from other countries.

Quota Rights

Allowances or permissions given to countries or companies to import or export a certain amount of goods.