Consumer credit refers to the use of debit cards for personal needs.
Correct Answer:
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Q13: Open-end credit consists of loans made on
Q14: A disadvantage of using credit is the
Q15: During the grace period, finance charges are
Q16: Although credit allows immediate satisfaction of needs
Q17: When used effectively, credit can help a
Q19: You can lend money to micro-entrepreneurs through
Q20: Closed-end credit consists of loans made on
Q21: The Fair Credit Reporting Act, enacted in
Q22: The debt-to-equity ratio is calculated by dividing
Q23: FICO and VantageScore are two scores used
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