Multiple Choice
Which of the following analogies best illustrates the credit-debt trap?
A) A country must refinance a loan from 10 to 30 years to be able to make payments.
B) A company is paying off a 15-year loan on an investment that will not produce revenues for five years.
C) A family must take on additional jobs to pay back loans needed to provide a home and food.
D) A person is only able to pay some of the interest,and none of the principal,of a large credit card bill.
Correct Answer:
Verified
Correct Answer:
Verified
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