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Unformatted text preview: Payments on credit card bills for vacations, and consumption other than living expenditures are paid for out of discretionary income. Payments on credit cards are most often re-payments of future discretionary income. 32...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10