3
QuizMultiple Choice

Understanding Credit — Unit test

Question 3 • Personal Finance - EL3403

Jessica is trying to get a credit card. She has a credit score of 790. How is Jessica’s lender likely to view this credit score?

Answer
J
Jessica is low risk and will pay her outstanding balances on time.
J
Jessica is low risk but will not pay her outstanding balances on time.
J
Jessica is high risk and will pay her outstanding balances on time.
J
Jessica is high risk but will not pay her outstanding balances on time.

Explanation

A credit score of 790 is generally considered very good or excellent. Lenders usually view borrowers with high scores as low risk and more likely to repay their balances on time, so choice A is correct.

AI-written and checked against the verified answer.

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