13
practice testMultiple Choice

Practice Test

Question 13 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Which is considered a good credit practice?

Answer
A
Make late payments.
B
Borrow more than one can afford to repay.
C
Use the credit card with the highest interest rate.
D
Pay more than the minimum amount that is due.

Explanation

Paying more than the minimum due reduces the outstanding balance faster and can lower the interest you pay over time. Borrowing more than you can repay, choosing a card with a high interest rate, and making late payments are all poor credit practices.

AI-written and checked against the verified answer.

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