Some consumers prefer putting off their credit card payments and dont think about having to repay the
Question:
Some consumers prefer putting off their credit card payments and don’t think about having to repay the debt along with the interest later. At the other extreme, other consumers are obsessed with paying off the credit card balance each month because they dislike having any debt. What drives your behavior when using credit cards?
Step by Step Answer:
I try to strike a balance between the two extremes I understand the convenience and benefits of usin...View the full answer
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Interest, debt, finance, and capital markets are all important concepts in the world of economics and business. Interest is the cost of borrowing money, and it is typically expressed as a percentage of the amount borrowed. Debt is the money that is borrowed, and it has to be repaid with interest. Finance is the study of how individuals, companies, and organizations manage their money and investments. Capital markets are the places where companies and governments can raise money by selling stocks and bonds to investors. These markets play an important role in the overall economy by helping to fund investment and growth.
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