Question 17. 17.( TCO 3) If Sarah goes out and spends $ 600 in new clothes for herself, putting it all on her credit card after her husband returns at 4 a. m. the previous morning from a night on the town, this is an example of which of the following?
Misunderstanding or lack of communication Keeping up with the Joneses The expectation of instant comfort The use of money to punish Overindulgence of children
Question 18. 18.( TCO 3) One day, Gary notices that is neighbor has purchased a new Land Rover and it is sitting in his driveway. Gary decides that he also needs a new car and goes out and purchases a Hummer with a 6-year loan on it. Which reason for indebtedness is this an example of?
Misunderstanding or lack of communication Keeping up with the Joneses The expectation of instant comfort The use of money to punish Overindulgence of children
Question 19. 19.( TCO 3) In terms of borrowing expenses, which of the following options would be relatively the cheapest?
Car dealer Appliance store