Question 8 • TX-Personal Financial Literacy and Economics
Carrying debt requires making monthly payments, which canmake it easier to balance a budget.increase the money available to spend on other things.reduce stress about financial planning.decrease the money available to spend on other things.
Answer
A
make it easier to balance a budget.
B
increase the money available to spend on other things.
C
reduce stress about financial planning.
D
decrease the money available to spend on other things.
Explanation
Monthly debt payments use part of the money you earn, leaving less available for other expenses or purchases. Therefore, carrying debt can decrease the money available to spend on other things.
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