Which of the following would not be considered a wise use of credit cards?

	a.	Meeting a financial emergency.
	b.	Making a single large purchase.
	c.	Meeting general living expenses.
	d.	Using it in business travel, where the firm will reimburse you.
	e.	All are considered wise uses of credit cards.

Based upon the simple interest rate method of a fixed interest rate installment loan or mortgage, successive monthly loan payments over time

	a.	pay the same percentage to interest and principal.
	b.	pay increasing percentages to interest and decreasing percentages to principal.
	c.	pay increasing percentages to principal and decreasing percentages to interest.
	d.	pay decreasing percentages to interest and principal.

In the context of buying a used car, a household can buy either from another individual or from an auto dealership. The dealership typically offers a limited warranty and fixes any needed repairs before putting a car out for sale, whereas there are no such guarantees when buying from an individual. Consequently, for the same car, when buying from a dealership the household

	a.	takes on greater user risk, so the dealership's price should be more expensive than the individual's price.
	b.	takes on greater user risk, so the dealership's price should be less expensive than the individual's price.
	c.	takes on less user risk, so the dealership's price should be more expensive than the individual's price.
	d.	takes on less user risk, so the dealership's price should be less expensive than the individual's price.
	e.	should pay the same price as from an individual.