Multiple Choice
Nancy's take-home income is $3,000 per month,and she currently has a $700 monthly consumer debt.As per the general rules of thumb,____________.
A) Nancy cannot take on additional consumer debt as her debt safety ratio is higher than the general criteria
B) Nancy can take on additional consumer debt as her debt safety ratio is higher than the general criteria
C) Nancy can take on additional consumer debt as her debt safety ratio is lower than the general criteria
D) Nancy cannot take on additional consumer debt as her debt safety ratio is lower than the general criteria
Correct Answer:
Verified
Correct Answer:
Verified
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