Managing Financial Information

Question 1

One reason people choose to file bankruptcy is because some of their debt will be .

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eliminated

Question 2

A major consequence of bankruptcy is that it can an individual’s chances of receiving additional credit for .

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harm

Question 3

A major consequence of bankruptcy is that it can an individual’s chances of receiving additional credit for .

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seven to ten years

Question 4

What types of information do identity thieves generally try to access? Check all that apply.bank account informationcredit card informationcredit scoresemployment informationSocial Security numbers

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bank account information; credit card information; Social Security numbers

Question 5

Personal information should be .

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kept safe and secure

Question 6

Michelle receives what appears to be an e-mail from her bank asking for her account and pin numbers. She should .

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delete the e-mail

Question 7

Use the drop-down menus to complete the statements about credit reports and scores.

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✔ credit activity; A credit report summarizes a person’s .: credit activity; A credit score is a measure of a person’s as a borrower.: trustworthiness; is a factor that contributes to a person’s credit score.: Payment history

Question 8

Given Alex’s credit history, consider how the bank will likely view him.

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The bank is likely to consider Alex a borrower.: high-risk; As a result of his financial situation, Alex likely has a(n) credit score.: low; If he is granted the loan, his interest rate will most likely be than what others pay.: higher

Question 9

abilityX attitude✔ trustworthiness

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✔ trustworthiness

Question 10

X Future incomeInvestment risk✔ Payment history

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✔ Payment history

Managing Financial Information Answers

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