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MrBio23 MrBio23
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8 months ago
Which of the following statements is true regarding trends in U.S. household debt?

▸ Credit card debt is the largest component of outstanding consumer debt.

▸ As a proportion of total household debt, student loans have declined and home equity loans have increased.

▸ Home mortgage debt is less than half of total debt.

▸ Household debt has increased at a faster rate than household income.
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
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omolola69omolola69
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8 months ago
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MrBio23 Author
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8 months ago
You make an excellent tutor!
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Brilliant
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Thanks
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