1.) A credit card is which of the following? All of the answers are correct Is one part of a comprehensive strategy to managing a person’s finances Makes it extremely easy for a person to mess up their finances Is nothing more than a tool Is a huge convenience
1.) A credit card is which of the following?
All of the answers are correct
Is one part of a comprehensive strategy to managing a
Makes it extremely easy for a person to mess up their finances
Is nothing more than a tool
Is a huge convenience
2.) A debt – to income ratio can easily be calculated be from a what kind of statement?
Investment
Budget
Bank
Tax
Net worth
3.) What is it that almost all lenders evaluate of anyone applying for a loan?
Certainty
Income
Risk
Payback
Credit
4.) Credit and debt are two of the most crucial means available to achieve personal financial:
Intentions
Objectives
Goals
Reasons
Ideas
5.) Debt allows an economy to appear very large but debt also creates more ____ in an economy.
Inevitability
Surety
Certainty
Risk
Business
6.)
Eventually, some potential borrowers can get to the point that they present so much _______ that no lender will loan them anything at all.
Cash
Money
Work
Risk
Trouble
7.)
_______ is simply external indicator of how we handle our financial life. It is an attribute or a characteristic about us.
Credit
Income
Debit
Personally
Debt
8.) In any discussion about credit it is important to draw a distinction between credit and ______ for the purpose of this discussion, they are two vey different concepts.
Interest
Credit
Income
Debt
Loans
9.) More recently, however, many other industries have discovered that people with messy _______ lives, as indicated by a poor credit score. Tend to lead messy lives. Think of it from the employer’s standpoint. If you can’t take care of your own money, how can you take care of theirs?
Financial
Relationships
Work
Family
Personal
10.) Our credit determines two factors for our loans, cost and what other variable?
Net worth
Debt
Budget Balance
Terms
Credit score
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
