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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 how a person uses credit, such as loans, credit cards, payment history, and outstanding debts. This is the person’s credit activity, not borrowing needs or savings history.

AI-written and checked against the verified answer.

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