b. What are three debt and credit trends that suggest few people are practicing frugality? Three debt and credit trends that suggest few people are practicing frugality include: (Select all the choices that apply.) A. High levels of borrowing by students and others with little capacity to pay. B. A cultural acceptance of debt, too often accompanied by excessive borrowing due to increasing credit limits and multiple credit card offers. C. Too many people continue to acquire and keep bad debt. D. Too many people do not know how to pay their credit card balance with another credit card. c. What does it mean to determine your own borrowing capacity and stick to it? Why is this strategy necessary when "choosing wealth"? purchase of assets financed through borrowing." Are the above statements true or false? - ( g. The undergraduates could eliminate their average balance of $1,900 with 12 monthly payments of $ (Round to the nearest cent.) retirement if she retained this amount in the account for the next 40 year $. (Round to the nearest cent.) immediately relying on credit? (Select all the choices that apply.) A. Available credit capacity gives you the freedom to use credit in case of an emergency. This offers two advantages. B. First, you do not have to maintain a good credit score since you already have an available credit capacity. C. First, you do not have to maintain such a large emergency fund held in a liquid, low-interest account. emergency. That means you must have an emergency fund, or if not, you face an emergency with few or no options. e. Why should women be particularly concerned about financial planning? also bore the brunt of the layoffs from the pandemic-induced recession of 2020 . student debt in the U.S. Given all of this it is not surprising that in 2019 , close to a quarter of female-headed house-holds lived in poverty. Are the above statements true or false? (Select from the drop-down menu.) to prepare a talk on "credit and the young professional". She has decided to use a question-and-answer format. Help her answer the following questions. tempted, or forced, to buy without forethought. They include: (Select from the drop-down menus.) Evaluate your financial health. Plan and budget. Use credit cards for large purchases and pay over time. Manage your cash and credit. Control your debt. Make knowledgeable consumer decisions. Have adequate health, life, property and liability insurance. Avoid hiring a financial planner since they are always very expensive. Understand investing principles-following a "hot tip" can cost you money and cause you to turn to credit. Make investment decisions that reflect your goals - failure to invest and prepare for goals may force you to turn to credit. Plan for retirement-failure to plan may severely limit retirement income and force you to turn to credit. a. Why is it easy for college students to get and use credit cards? "Credit card application tables on campus, offers for free gitts, the cultural lure of easy credit (buy today, pay later), and the future dream of a high salary have made it very easy for college students to get and use credit cards. For this reason, students and others with little capacity to repay have the opportunity to get, use, and abuse credit." Is the above statement true or false? (Select from the drop-down menu.) Aside from the obvious impact of "forgoing future consumption" to repay the debt, how can students" credit practices affect their financial future? "Credit bureaus provide your credit history or FICO credit score to creditors, to potential employers, or to other companies doing business with you (like insurance companies that calculate the insurance credit score). Negative information about your debt practices in college sent to any of these sources could have a long-term effect on your financial future. If a potential employer chooses not to interview you because of a bad credit history, you reduce your opportunities to earn income. In addition, spending and credit practices can follow you from college. This only increases the problem and postpones a proactive solution to using and managing debt. Finally, a poor credit history and low credit score can have a direct cost through higher interest rates and insurance premiums; you represent a greater risk to a potential creditor or insurance company." Is the above statement true or false? (Select from the drop-down menu.) b. What are three debt and credit trends that suggest few people are practicing frugality? Three debt and credit trends that suggest few people are practicing frugality include: (Select all the choices that apply.) A. High levels of borrowing by students and others with little capacity to pay. B. A cultural acceptance of debt, too often accompanied by excessive borrowing due to increasing credit limits and multiple credit card offers. C. Too many people continue to acquire and keep bad debt. D. Too many people do not know how to pay their credit card balance with another credit card. c. What does it mean to determine your own borrowing capacity and stick to it? Why is this strategy necessary when "choosing wealth"? purchase of assets financed through borrowing." Are the above statements true or false? - ( g. The undergraduates could eliminate their average balance of $1,900 with 12 monthly payments of $ (Round to the nearest cent.) retirement if she retained this amount in the account for the next 40 year $. (Round to the nearest cent.) immediately relying on credit? (Select all the choices that apply.) A. Available credit capacity gives you the freedom to use credit in case of an emergency. This offers two advantages. B. First, you do not have to maintain a good credit score since you already have an available credit capacity. C. First, you do not have to maintain such a large emergency fund held in a liquid, low-interest account. emergency. That means you must have an emergency fund, or if not, you face an emergency with few or no options. e. Why should women be particularly concerned about financial planning? also bore the brunt of the layoffs from the pandemic-induced recession of 2020 . student debt in the U.S. Given all of this it is not surprising that in 2019 , close to a quarter of female-headed house-holds lived in poverty. Are the above statements true or false? (Select from the drop-down menu.) to prepare a talk on "credit and the young professional". She has decided to use a question-and-answer format. Help her answer the following questions. tempted, or forced, to buy without forethought. They include: (Select from the drop-down menus.) Evaluate your financial health. Plan and budget. Use credit cards for large purchases and pay over time. Manage your cash and credit. Control your debt. Make knowledgeable consumer decisions. Have adequate health, life, property and liability insurance. Avoid hiring a financial planner since they are always very expensive. Understand investing principles-following a "hot tip" can cost you money and cause you to turn to credit. Make investment decisions that reflect your goals - failure to invest and prepare for goals may force you to turn to credit. Plan for retirement-failure to plan may severely limit retirement income and force you to turn to credit. a. Why is it easy for college students to get and use credit cards? "Credit card application tables on campus, offers for free gitts, the cultural lure of easy credit (buy today, pay later), and the future dream of a high salary have made it very easy for college students to get and use credit cards. For this reason, students and others with little capacity to repay have the opportunity to get, use, and abuse credit." Is the above statement true or false? (Select from the drop-down menu.) Aside from the obvious impact of "forgoing future consumption" to repay the debt, how can students" credit practices affect their financial future? "Credit bureaus provide your credit history or FICO credit score to creditors, to potential employers, or to other companies doing business with you (like insurance companies that calculate the insurance credit score). Negative information about your debt practices in college sent to any of these sources could have a long-term effect on your financial future. If a potential employer chooses not to interview you because of a bad credit history, you reduce your opportunities to earn income. In addition, spending and credit practices can follow you from college. This only increases the problem and postpones a proactive solution to using and managing debt. Finally, a poor credit history and low credit score can have a direct cost through higher interest rates and insurance premiums; you represent a greater risk to a potential creditor or insurance company." Is the above statement true or false? (Select from the drop-down menu.)