6
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Financial Responsibility — Unit test

Question 6 • Personal Finance - EL3403

The chart describes four people’s credit histories.Creditworthy CriteriaNameDescription of Credit HistoryEllieHas more debt than earningsCollinPays only some of his bills every monthJacobHas made three late payments in the past yearEeshaPays more than the minimum payment each monthWhich person is creditworthy?EllieCollinJacobEesha

Answer
A
Ellie
B
Collin
C
Jacob
D
Eesha

Explanation

A creditworthy person manages debt responsibly and makes payments on time. Eesha pays more than the minimum payment each month, showing responsible repayment; Ellie has more debt than earnings, Collin pays only some bills, and Jacob has made several late payments.

AI-written and checked against the verified answer.

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