What is one of the main reasons for the increase in consumer borrowing during the Christmas period?
Credit Card Spending At Record High

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increased consumer confidence
Lower interest rates
High living expenses and Christmas costs
Government incentives
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How have lenders changed their approach to credit scoring tests recently?
They have made them stricter
They have kept them the same
They have loosened them
They have eliminated them
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expected to continue due to the improving economy and consumer confidence?
Decrease in consumer borrowing
Increase in consumer borrowing
Fluctuation in consumer borrowing
Stagnation in consumer borrowing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk of easy but unaffordable credit?
It can reduce financial difficulties
It can turn manageable debt into unmanageable debt
It can lead to increased savings
It can improve credit scores
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Despite increased borrowing, what trend is observed in credit card lending?
Fluctuating default rates
Increasing default rates
Stable default rates
Declining default rates
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