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Problem 1: Although credit permits more immediate satisfaction of needs and desires, it
1. Does increase total purchasing power
2. Is always best to avoid credit purchases
3. Does not diminish your ability to buy more goods and services on credit
4. Has no opportunity costs attached to it
5. Does not increase total purchasing power
Problem 2: What is the maximum home equity line of credit that can be obtained (as a percentage)?
1. 45%
2. 50%
3. 65%
4. 80%
5. 25%
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