One method to spend more money is to use a direct deposit system from payroll.

Rich Electronics sells various brand name televisions and stereos at discount prices. Rich maintains a large inventory which it obtains from various manufacturers on credit. These manufacturer-creditors have all filed and taken security interests in the goods and proceeds which they sold to Rich on credit. Rich in turn sells to hundreds of ultimate consumers; some pay cash but most buy on credit. Rich takes a security interest but does not file a financing statement for credit sales. Which of the following is correct?

A. Since Rich takes a purchase money security interest in the consumer goods sold, its security interest is perfected upon attachment. B. The appliance manufacturers can enforce their security interests against the goods in the hands of the purchasers who paid cash for them. C. A subsequent sale by one of Rich's customers to a bona fide purchaser will be subject to Rich's security interest. D. The goods in Rich's hands are consumer goods.

A major factor in the severity of the 2007-09 financial crisis was the massive reduction in the level of debt taken on by:

a. individuals b. business c. financial institutions d. all of the above e. none of the above