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Type: Multiple-Choice
Category: Personal Finance
Level: Grade 11
Author: Diandra
Created: 8 years ago

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Personal Finance Question

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Grade 11 Personal Finance

Which of the following statements is true about financial trouble?
  1. Financial difficulties are commonly caused by overspending
  2. You should never admit to a creditor that you cannot pay your bills
  3. If you have a high-paying job, you can afford to spend more than 20% of your net income on debt-maintenance
  4. A credit repair company can erase a poor credit history quickly