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banks.
savings and loan associations.
finance companies.
loan sharks.
Question 13. 13. (TCO 3) Referring to trends in credit union
membership, it can be observed that membership has been
restricted by the Tax Reform Act of 1986.
declining gradually.
static.
growing steadily.
restricted by state laws.
Question 14. 14. (TCO 3) Which one of the following is a signal of a
potential debt problem?
Paying the maximum balance due each month
Borrowing money to pay old debts
Using savings to pay for major purchases
Receiving notice of prompt payment from creditors
Occasionally working overtime and moonlighting
Question 15. 15. (TCO 3) Allison Smith starts the month with a
balance of $1,100 on her credit card. On the 10th day of the month,
she purchases $200 in clothes with her credit card. On the 15th day of
the month, she makes a payment on her credit card of $500. The
average daily balance for the month including the new purchase is