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Credit and Loans

Question 1 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

A credit report summarizes a person’s .

Answer
A
borrowing needs
B
credit activity
C
savings history

Explanation

A credit report records information about a person’s credit accounts and how they use and repay borrowed money. It summarizes their credit activity, not their borrowing needs or savings history. The correct choice is credit activity.

AI-written and checked against the verified answer.

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