Increase in Consumer Credit Card Debt is a debt Crisis , Option A is the correct answer.
What is Consumer Credit Card Debt ?
It is the debt which has been accumulated due to the consumers buying products and services out of the credit card and not paying them back in the period of 90 days.
In USA , the credit card balance is $841 billion in the first quarter of 2022 , which is $15 billion less form the last year but at a significant peak.
This extent of the consumer debt is a debt crisis.
The debt on the bank increases as the debt on the consumer increases , causing in bank recession and a recession brings harm to the economy , It is a crisis situation and need to be handled before it affects the market.
Therefore increase in Consumer Credit Card Debt is a debt Crisis , Option A is the correct answer.
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Answer: multiply each point by 3. You would need to multiply both the x and y value in the point to find the new dilated point.
Step-by-step explanation:
I'd say 100 even, don't know if this is a real question or not.
Answer:
$12579.84
Step-by-step explanation:
Anna deposited $10,000 into an account three years ago.
The first year she earned 12 percent interest
Interest = 12% of 10000 =
Amount at the end of first year = 10000+1200 = 11200
The second year she earned 8 percent interest
Interest = 8% of 11200 =
Amount at the end of second year = 11200+896 = 12096
The third year she earned 4 percent interest.
Interest = 4% of 12096 =
Amount at the end of third year = 12096+483.84 = 12579.84
Hence she have $12579.84 in her account today