9. the debt snowball method involves... waiting until the winter months to begin paying off debt paying off…

9. the debt snowball method involves... waiting until the winter months to begin paying off debt paying off debts from largest to smallest pooling together money from other people to pay off your debt paying off debts from smallest to largest 10. there are certain things, like renting a car or booking a hotel room, that you cannot do without having a credit card. true false 11. credit card companies make the most profit from incentive programs with banks government tax breaks partnering with companies to offer rewards to customers

9. the debt snowball method involves... waiting until the winter months to begin paying off debt paying off debts from largest to smallest pooling together money from other people to pay off your debt paying off debts from smallest to largest 10. there are certain things, like renting a car or booking a hotel room, that you cannot do without having a credit card. true false 11. credit card companies make the most profit from incentive programs with banks government tax breaks partnering with companies to offer rewards to customers

Answer

Brief Explanations:

  • For question 9, the debt - snowball method is a debt - repayment strategy where one pays off debts from smallest to largest to gain psychological momentum.
  • For question 10, it is possible to rent a car or book a hotel room without a credit card by using other forms of payment like debit cards or cash deposits.
  • For question 11, credit card companies make the most profit from interest charges on cardholders' unpaid balances, but among the given options, none is correct as these are not their main profit - sources. However, if we assume we have to choose the best among them, none of these are typical major profit sources.

Answer:

  1. Paying off debts from smallest to largest
  2. False
  3. None of the above (as the given options are not the main profit - sources of credit card companies)