Managing Financial Information Answers
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The tables show two ways to pay off $500 in credit card debt.
A
$15 a month because it will let the person keep more spending moneyB
$100 a month because it will free up credit to buy other thingsC
$15 a month because it will save money in the long runD
$100 a month because it will reduce the amount of interest paid2
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Which statement best describes how lenders determine borrowing conditions for a customer?
A
They access the customer’s credit reports.B
They see how large of a down payment the customer makes.C
They look into how much the customer has saved for emergencies.D
They access the customer’s work history.3
Checking a credit report is a good way to
A
know whether credit is improving.B
reduce the amount of money owed.C
determine which debts to pay off.D
decrease interest payments.4
It is important for victims of identity theft to contact the authorities
A
after determining whether they have lost any money.B
quickly to protect themselves from embarrassment.C
after determining how someone stole their identity.D
quickly to protect themselves from financial losses.5
When can a credit agency release someone’s credit information in Florida?
A
when an employer requests itB
when a consumer authorizes itC
when a lender asks for itD
when a security freeze is put on itDid you find these answers helpful?
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