INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The majority of reduction in consumer indebtedness is due to [loan defaults | loan repayments]
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The majority of reduction in consumer indebtedness is due to [loan defaults | loan repayments]
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Quizplus · Accepted Answer

Loan repayments are the most common way for consumers to reduce their debt, as they gradually pay off the principal and interest over time. While loan defaults can also contribute to a reduction in indebtedness, they typically have a negative impact on a consumer's credit score and can lead to legal action by lenders. Therefore, option B is the most likely choice to complete the statement.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which