Which of the following is the worst approach to solving the problem of an annual budget deficit?
A)Liquidate enough savings or investments to make up the deficit.
B)Get an additional credit card and cover the deficit with that.
C)Renegotiate debt to longer term,lower interest options.
D)Increase income by getting an additional part-time job.

Question

Quizplus · Accepted Answer

Getting an additional credit card to cover the deficit is the worst approach because it does not address the underlying issue of spending more than one's income. Instead, it increases debt and potentially leads to higher interest payments, worsening the financial situation.

Which of the Following Is the Worst Approach to Solving