American_Bankers_Association
CTFA · Question #250
CTFA Question #250: Real Exam Question with Answer & Explanation
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Question
Consider someone who takes home $2500 a month. Using a 20% ratio, he/she should have monthly consumer credit payments of no more than $500 i.e., $2500*0.20= $500. This is the _________ amount of her monthly disposable income that she should need to pay off both personal loans and other forms of consumer credit.
Options
- AMaximum
- BMinimum
- CSame
- DActual
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