A (___________________) includes information
about how well you manage money.
A credit card
B checking account
C work-study program
D credit history
Banks use your (______________) to decide
whether to give you a loan or credit card.
A credit card
B credit score
C deposits
D withdrawal
B credit score
is this true
Yes, that is true. Banks and other financial institutions use your credit score, which is based on your credit history, to determine whether or not you are a good candidate for a loan or credit card. Your credit score takes into account factors such as payment history, debt-to-income ratio, and length of credit history. The higher your credit score, the more likely you are to be approved for credit with favorable terms and interest rates.
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(__________) are financial aid offered to students who qualify to borrow money to pay for college. The money must be repaid and usually with interest after you graduate from college.
A Grants
B Scholarships
C Loans
D Banks
C Loans
is this true
Yes, that is true. Loans are a type of financial aid that must be repaid with interest after the student graduates from college. Loans are often offered by government agencies, financial institutions, or other organizations to assist students with the cost of higher education. Unlike grants and scholarships, loans require repayment and may accrue interest over time. It's important for students to carefully consider the terms of any loan they accept, and to make sure they have a plan for repayment after graduation.
Money you put into an account is called a (__________).
A grant
B income
C deposit
D withdrawal