credit and borrowing unit test\nhow does decreasing your credit - card balance affect your income statement…

credit and borrowing unit test\nhow does decreasing your credit - card balance affect your income statement? (1 point)\nit increases your monthly expenses, increasing the amount you spend each month.\nit increases your monthly expenses, giving you more money to spend on other things.\nit decreases your monthly expenses, increasing the amount you spend each month.\nit decreases your monthly expenses, giving you more money to spend on other things.

credit and borrowing unit test\nhow does decreasing your credit - card balance affect your income statement? (1 point)\nit increases your monthly expenses, increasing the amount you spend each month.\nit increases your monthly expenses, giving you more money to spend on other things.\nit decreases your monthly expenses, increasing the amount you spend each month.\nit decreases your monthly expenses, giving you more money to spend on other things.

Answer

Brief Explanations:

When you decrease your credit - card balance, you are paying off debt. This reduces the amount of money you owe, which in turn decreases your monthly expenses related to credit - card payments. With lower expenses, you have more disposable income to spend on other things.

Answer:

It decreases your monthly expenses, giving you more money to spend on other things.