A) refuse her credit if she is creditworthy.
B) consider income from her part-time job.
C) consider the payment history of all her joint accounts.
D) consider alimony payments she receives from her ex-husband.
E) consider child support payments she receives from her ex-husband.
Correct Answer
verified
Multiple Choice
A) Banks
B) Credit unions
C) Savings and loans associations
D) Gasoline companies
E) Investment companies
Correct Answer
verified
Multiple Choice
A) capacity.
B) character.
C) capital.
D) collateral.
E) conditions.
Correct Answer
verified
Multiple Choice
A) direct loan of money for personal purposes.
B) direct loan of money for home improvement.
C) loan that allows you to receive merchandise such as a refrigerator or furniture.
D) direct loan for vacation purposes.
E) synonym for a single lump-sum credit.
Correct Answer
verified
Multiple Choice
A) $880
B) $440
C) $330
D) $220
E) $0
Correct Answer
verified
Multiple Choice
A) not threaten your credit rating.
B) send this information to a credit bureau.
C) require you to pay the bill in full and then credit your account if the error is found.
D) start the collection process.
E) demand that you surrender your credit card.
Correct Answer
verified
Multiple Choice
A) the use of a bank credit card to make a purchase.
B) a mortgage loan from a savings and loan institution.
C) an automobile loan from a credit union.
D) an installment loan from a furniture store.
E) an installment loan for purchasing a major appliance.
Correct Answer
verified
Multiple Choice
A) 2.63
B) 1.24
C) 0.81
D) 0.38
E) 0.50
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) Borrowing for a stay in a hospital because of appendicitis
B) Borrowing to purchase a car so that you can go to work full-time
C) Borrowing to buy a printer for your home office now because you know it will be twice as expensive in two years
D) Borrowing to pay for your expensive dinner and movie every week
E) All of these are valid reasons for using credit.
Correct Answer
verified
Multiple Choice
A) Fair Credit Reporting Act
B) Fair Credit Billing Act
C) Equal Credit Opportunity Act
D) Fair Debt Collection Practices Act
E) Truth in Lending Act
Correct Answer
verified
Multiple Choice
A) revolving credit.
B) line of credit.
C) convenience credit.
D) installment cash credit.
E) single lump-sum credit.
Correct Answer
verified
Multiple Choice
A) banks.
B) finance companies.
C) merchants.
D) credit card companies.
E) All of these
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) debt to equity ratio.
B) FICO credit score.
C) debt payment to income ratio.
D) liquidity ratio.
E) long term capitalization ratio.
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
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