Of the following statements, which is not a disadvantage of using credit?
A) It can be costly to use.
B) It can be difficult to repay if overused.
C) It is more difficult to obtain than repay.
D) It may tempt you to make impulse purchases.
Answer: C
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What will be an ideal response?
The total amount of simple interest calculated annually on a $6,000 note payable for 3 years at 11% is
a. $1,980 b. $2,205 c. $6,600 d. $7,980
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Indicate whether the statement is true or false
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a. Include conclusions; exclude recommendations. b. Include both conclusions and recommendations. c. Include a recommendation at/near the beginning. d. Include a recommendation at the end if it's negative.