Question 1 A) Which type of credit typically gives debtors the most time to repay money they have borrowed? (1 point) Responses car loans car loans credit cards credit cards mortgages mortgages personal loans personal loans Question 2 A) Which types of information may creditors legally consider when determining someone’s creditworthiness? Select all that apply. (1 point) Responses age age bill-paying habits bill-paying habits gender gender expenses and income expenses and income ethnicity or race ethnicity or race Question 3 A) Which type of bank card immediately deducts payment for purchases from the cardholder’s checking account? (1 point) Responses credit card credit card debit card debit card prepaid card prepaid card smart card smart card Question 4 A) What are some advantages of using credit cards? Select all that apply. (2 points) Responses little to no interest on money owed little to no interest on money owed allows you to buy now and pay later allows you to buy now and pay later highly resistant to fraud and theft, especially online highly resistant to fraud and theft, especially online may offer incentives such as airline or hotel points may offer incentives such as airline or hotel points no need to carry large amounts of cash no need to carry large amounts of cash Question 5 A) What is the amount of money that a person takes in over a specified period of time? (1 point) Responses budget budget credit credit income income expense expense Question 6 A) Why is your credit score important? Select all that apply. (1 point) Responses Banks use it to determine whether you qualify for a loan. Banks use it to determine whether you qualify for a loan. It can affect your interest rate. It can affect your interest rate. It eliminates interest and fees from your loans. It eliminates interest and fees from your loans. It insures your money in case your bank fails.

Question

Question 1 A) Which type of credit typically gives debtors the most time to repay money they have borrowed? (1 point) Responses car loans car loans credit cards credit cards mortgages mortgages personal loans personal loans Question 2 A) Which types of information may creditors legally consider when determining someone’s creditworthiness? Select all that apply. (1 point) Responses age age bill-paying habits bill-paying habits gender gender expenses and income expenses and income ethnicity or race ethnicity or race Question 3 A) Which type of bank card immediately deducts payment for purchases from the cardholder’s checking account? (1 point) Responses credit card credit card debit card debit card prepaid card prepaid card smart card smart card Question 4 A) What are some advantages of using credit cards? Select all that apply. (2 points) Responses little to no interest on money owed little to no interest on money owed allows you to buy now and pay later allows you to buy now and pay later highly resistant to fraud and theft, especially online highly resistant to fraud and theft, especially online may offer incentives such as airline or hotel points may offer incentives such as airline or hotel points no need to carry large amounts of cash no need to carry large amounts of cash Question 5 A) What is the amount of money that a person takes in over a specified period of time? (1 point) Responses budget budget credit credit income income expense expense Question 6 A) Why is your credit score important? Select all that apply. (1 point) Responses Banks use it to determine whether you qualify for a loan. Banks use it to determine whether you qualify for a loan. It can affect your interest rate. It can affect your interest rate. It eliminates interest and fees from your loans. It eliminates interest and fees from your loans. It insures your money in case your bank fails.

Answer 1

Responses It can affect your ability to rent an apartment.

It can affect your ability to get a job.
It can affect your insurance rates.

Answer 2

answer all 7

Answer 3

Question 1 A) Mortgages typically give debtors the most time to repay money they have borrowed.

Question 2 A) Creditors may legally consider bill-paying habits and expenses and income when determining someone’s creditworthiness.

Question 3 A) Debit cards immediately deduct payment for purchases from the cardholder’s checking account.

Question 4 A) Some advantages of using credit cards include allows you to buy now and pay later, highly resistant to fraud and theft, may offer incentives such as airline or hotel points, and no need to carry large amounts of cash.

Question 5 A) Income is the amount of money that a person takes in over a specified period of time.

Question 6 A) Your credit score is important because banks use it to determine whether you qualify for a loan, it can affect your interest rate, it can affect your ability to rent an apartment, get a job, and insurance rates.