Credit card debt is often created when an individual chooses to ignore __________.?

a. supply and demand

B.scarcity

C.the fine print

D.long term economic consequences

I will give who ever gets this right 5 points.

Credit card debt is often created when an individual chooses to ignore __________.?

c. the fine print, add in lack of financial savvy and credit card trickery (read the fine print) and you got a person paying a min. payment at a mega interest rate. Worst of all they will keep doing this until one day they realize that their min. payment has gone up so much, but it is not paying off the balance as much as they thought. So they finally really look at the statement and to their shock and dismay find that only 2% is toward principle and the rest toward interest. Now what to do? Stop using the card and pay the max amount you can afford until that balance is zero. Exercise discipline in future purchases.

Credit card debt is often created when an individual chooses to ignore __________.?

D.

Credit card debt is often created when an individual chooses to ignore __________.?

a. supply and demand

Credit card debt is often created when an individual chooses to ignore __________.?

D. long term economic consequences

Credit card debt is often created when an individual chooses to ignore __________.?

All of the above!!

Credit card debt is often created when an individual chooses to ignore __________.?

C

Credit card debt is often created when an individual chooses to ignore __________.?

D.

Credit card debt is often created when an individual chooses to ignore __________.?

b) Scarcity.

Scarcity is the idea that if you have one dollar, you can only buy one 99c item at your local fast food joint as opposed to complete three item lunch (drink 99c, burger 99c, and fries at 99c).

However, if that fast food joint takes credit cards, you now can buy a whole meal . Remember how you only have one dollar? Now you created credit card debt.