Answers EA Academy Civics 9 Cumulative Exam — Cumulative examQuestion 17

17

QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 17 • EA Academy Civics 9

Why does carrying a large amount of debt cause people to have less money over time?

Answer

A

Debt requires interest payments.

B

Debt increases how much tax is owed.

C

Debt reduces the amount of net income.

D

Debt is a variable expense.

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