How does decreasing your credit card balance affect your income statement?(1 point)

Question

How does decreasing your credit card balance affect your income statement?(1 point)

Responses
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.

Answer 1

Decreasing your credit card balance affects your income statement by decreasing your monthly expenses, giving you more money to spend on other things.

Answer 2

How does decreasing your credit card balance affect your income statement?(1 point)

Decreasing your credit card balance affects your income statement by decreasing your monthly expenses, giving you more money to spend on other things.

None of the above. Decreasing your credit card balance does not affect your income statement.