The Best Policy Regarding Credit Is

question 44

Multiple Choice

The best policy regarding credit is

• A)always go for the highest credit limit possible.
• B)always make the minimum payment.
• C)pay back debt using consistent payments every month.
• D)take steps to increase your credit score.

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Definitions:

Production Possibilities Frontier

A picture that demonstrates all potential maximum outputs for two different goods, grounded on inputs including resources and more.

Descriptive Statement

A statement that describes how the world is, based on observable facts without inferring causation or prescribing actions.

Rent Control

Government policies or regulations that limit the rent landlords can charge tenants, aiming to make housing more affordable.

Macroeconomist

An economist who studies broad economic factors affecting the economy as a whole, such as inflation, unemployment, and national income.