To receive a good rate, a good credit score is required in which of the following...
To receive a good rate, a good credit score is required in which of the following situations? Group of answer choices
All of these answer choices are correct.
Auto loan at bank
Personal loan at bank
Credit card
Homework Answers
Rate on personal loan at bank depends on the creditworthiness of the applicant. If the credit worthiness is high, interest rate will be lower and vice-versa.
Hence, correct option is “Personal loan at Bank”
Add Answer to:
To receive a good rate, a good credit score is required in which
of the following...
Which of the following is an example of how identity theft might happen? Group of answer...
Which of the following is an example of how identity theft might happen? Group of answer choices Hacking into your credit card or bank account. Stealing your wallet or purse. All of these answer choices are correct. Going through your garbage looking for receipts and credit card offers.
Credit Score Worksheet Your credit score is the overall grade that you have been given that tells a bank or credit...
Credit Score Worksheet Your credit score is the overall grade that you have been given that tells a bank or credit union how you handle your money. Credit scores can range from 300 to 850. A good credit score is 700 or above. To make your credit score better, pay all of your bills on time. Do not 'max out' your credit card; try to keep it below 40% of the available credit limit. For example, if your credit limit...
Barb has a credit score of 650. She wants to improve her credit score before buying...
Barb has a credit score of 650. She wants to improve her credit score before buying a house. What can she do to improve her credit score? Group of answer choices Make consistent, timely payments. Open new credit card accounts. Reduce her credit mix. Close credit card accounts.
Which of the following is true regarding you make a purchase with a credit card? Group...
Which of the following is true regarding you make a purchase with a credit card? Group of answer choices A credit card has the function of a medium of exchange even though it is not money. You can afford to buy things that otherwise you cannot afford to pay for all at once if you don’t have the cash. You take out a short-term loan that must be repaid-with interest. All of the above.
An advantage of a line of credit from a bank over an installment loan is that:...
An advantage of a line of credit from a bank over an installment loan is that: Group of answer choices if the borrowed funds are repaid, then the credit line is still available for future use without having to apply for another loan. it is generally an unsecured loan. the interest rate is competitive with other low-cost forms of credit. All of the choices are correct.
1- Changes in the ________ probably do not affect the required rate of return by investors....
1- Changes in the ________ probably do not affect the required rate of return by investors. a. risk-free rate b. money supply c. risk premium d. budget deficit e. All of these choices affect the required rate of return. 2- Which of the following is not a reason for bank failures? a. fraud b. liquidity crisis c. increased competition d. a low loan default percentage e. All of these choices are reasons for bank failures. 3- The risk premium on...
An economist wants to determine the relation between one’s FICO score and interest rate of a 36-m...
An economist wants to determine the relation between one’s FICO score and interest rate of a 36-month auto loan. The data represent the interest rate (in percent) a bank might offer on a 36-month auto loan for various FICO scores. Credit Score, x: 550;600;640;670;700;750 Interest Rate, y: 19;18;12;8;6;5 a) Calculate the least regression line y=b0+b1x b) Calculate a 99% Confidence Interval about the slope of the least regression line c) Calculate a 99% Prediction Interval about the slope of the...
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate...
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 2.2 percent per year, compounded monthly for the first six months, increasing thereafter to 17.1 percent compounded monthly. Assuming you transfer the $10,500 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Interest...
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate...
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 1.4 percent per year, compounded monthly for the first six months, increasing thereafter to 16 percent compounded monthly. Assuming you transfer the $6,500 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)...
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate...
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 3.7 percent per year, compounded monthly for the first six months, increasing thereafter to 18.6 percent compounded monthly. Assuming you transfer the $18,000 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year?
Credit Score Worksheet Your credit score is the overall grade that you have been given that tells a bank or credit union how you handle your money. Credit scores can range from 300 to 850. A good credit score is 700 or above. To make your credit score better, pay all of your bills on time. Do not 'max out' your credit card; try to keep it below 40% of the available credit limit. For example, if your credit limit...
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 2.2 percent per year, compounded monthly for the first six months, increasing thereafter to 17.1 percent compounded monthly. Assuming you transfer the $10,500 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Interest...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago