Question 14 Why should you never borrow up to your credit limit on a credit card? Choose the best answer. OA. Why not? That's why they gave it to me. Borrowing up to your credit limit on your credit card increases your "debt-to- O B. income" ratio. Having a high "debt-to-income" ratio is one reason some credit bureaus lower a person's credit rating. Oc. My credit limit is mine to spend and I can always pay it off later. OD. Credit limits can always be increased with a quick phone call. Save and Quit

Question 14 Why should you never borrow up to your credit limit on a credit card? Choose the best answer. OA. Why not? That's why they gave it to me. Borrowing up to your credit limit on your credit card increases your "debt-to- O B. income" ratio. Having a high "debt-to-income" ratio is one reason some credit bureaus lower a person's credit rating. Oc. My credit limit is mine to spend and I can always pay it off later. OD. Credit limits can always be increased with a quick phone call. Save and Quit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Similar questions

Mark is currently earning $44,000 a year. He has worked for this firm for 5 years. He is considering a job that will increase his lifetime earnings by $240,000 but that requires a Ph.D. in finance. The job will mean also attending a full-time finance program for four years at an annual cost of $28,500. Mark already completed an MBA, for which he spent $86,000 in tuition and books. Would he take the job and attend the Ph.D. program? Calculate: Insutructions: Use ono decimals. Use commas (30,000, not 30000). Opportunity costs of this decision = $ MC = $ MB = $ Sunk Costs = $
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