Which of these BEST describes the purpose of a credit report?
Responses
A It determines whether or not a person will have a place to live.It determines whether or not a person will have a place to live.
B It helps lenders decide whether or not to loan a person money.It helps lenders decide whether or not to loan a person money.
C It prevents a person from putting their money in a bad investment.It prevents a person from putting their money in a bad investment.
D It alerts consumers when products they use are being recalled by a company.It alerts consumers when products they use are being recalled by a company.
B It helps lenders decide whether or not to loan a person money.
Which personal item of information should always be safeguarded to help secure your identity from theft?
Responses
A Your mother's birthdateYour mother's birthdate
B Your phone numberYour phone number
C Your home addressYour home address
D Your Social Security number
D Your Social Security number
Which situation ONLY describes a purchase with a credit card?
Responses
A Nancy purchased a movie ticket with her card. The money came straight out of her checking account.Nancy purchased a movie ticket with her card. The money came straight out of her checking account.
B Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.
C Don pays for lunch with his card. Each time he uses this card his checking account decreases.Don pays for lunch with his card. Each time he uses this card his checking account decreases.
D Ally loves her card because it is convenient to use, and she doesn't have to carry cash.
B Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.
Consider the first 4 transactions in this check register. For what check number did a mistake occur in calculating the balance when the check amount was debited from the register?
Responses
A check #105check #105
B check #102check #102
C check #103check #103
D check #104
C check #103
How many more years would a high school graduate have to work to earn the same amount of money as a person with a bachelor's degree who worked 20 years (to the nearest tenth)?
Responses
A 16.4 years16.4 years
B 38.8 years38.8 years
C 18.8 years18.8 years
D 22.2 years
B 38.8 years
Which account information is retained in a credit report?
Responses
A closed accountsclosed accounts
B closed, current, and delinquentclosed, current, and delinquent
C current accountscurrent accounts
D delinquent accounts