ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which would NOT be a part of a consumer’s investments?

A	certificates of deposit
B	checking account
C	credit cards
D	stocks

Explanation:

Detailed explanation-1: -Consumer Credit Card means a Credit Card issued pursuant to a consumer card application; not including a Debit Card. Sample 1Sample 2. Consumer Credit Card means a Card issued for Consumer Purposes; not including a Debit Card.

Detailed explanation-2: -Examples of consumer credit include credit cards, car loans, personal loans, student loans, mobile home loans, and home improvement loans, Consumer credit is smaller loans issued to individuals that does not have collateral. So a mortgage is not considered to be an example of consumer credit.

Detailed explanation-3: -Credit cards are debt instruments but debit cards are not. Debit card users can only spend the money available in their bank account unless they have overdraft protection.

Detailed explanation-4: -Consumer loan. Consumer loan is a credit, lent to an individual for personal usage for purchasing specific item or service. Mortgage. Auto Loan. Installment. Overdraft. Credit Card.

There is 1 question to complete.