18
QuizMultiple Choice

Insurance — Unit test

Question 18 • GA-GSE Personal Finance and Economics

Bankruptcy is considered a last resort because it stays on someone’s record for

Answer
A
one to four years.
B
four to seven years.
C
seven to ten years.
D
eleven to fourteen years.

Explanation

Bankruptcy can remain on a person’s credit record for up to 10 years, depending on the type of bankruptcy. That falls within the range of seven to ten years, so the correct choice is C.

AI-written and checked against the verified answer.

Previous
Next