Multiple Choice
Which of the following is the correct formula for calculating the debt safety ratio?
A) Total Monthly Consumer Credit Payments ÷ Monthly Take-Home Pay
B) Monthly Take-Home Pay ÷ Total Monthly Consumer Credit Payments
C) Total Monthly Consumer Credit Payments ÷ Gross Monthly Pay
D) Gross Monthly Pay ÷ Total Monthly Consumer Credit Payments
E) Gross Monthly Pay ÷ Monthly Take-Home Pay
Correct Answer:
Verified
Correct Answer:
Verified
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