22
QuizMultiple Choice

Unit Test — Unit test

Question 22 • $2526: Full: 2102320: Economics HONORS: NEW CREDIT

It is important to shop around for credit because banks and financial institutions

Answer
A
have varying credit histories.
B
charge different fees.
C
follow different laws.
D
have varying discriminatory policies.

Explanation

Banks and financial institutions can offer different costs and terms for credit, including fees and interest rates. Comparing offers helps you find credit that costs less. “Charge different fees” is the best choice; their credit histories are not what varies between institutions.

AI-written and checked against the verified answer.

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