Suppose all 18-year-olds are identical in every way except that some have easy access to credit (i.e., they face a low interest rate when borrowing money) while others have a difficult time accessing credit (i.e., they face a high interest rate when borrowing money).Which of the following statements is NOT true?Group of answer choicesThose who have easy access to credit will be more likely to go to college than those who do not have easy access to credit.No one without easy access to credit will go to college.The present value calculation of university degree will be higher for those who have easy access to credit than for those who do not have easy access to credit.Some people who have easy access to credit will not go to college.Those who have easy access to credit have a lower rate of discount than those who do not have easy access to credit.

Making purchases with a credit card means that you're borrowing money with interest, and ______ pay much higher interest rates.College graduatesOld peopleRich peopleYoung people

Read the following argument made by a speaker at a parent-teacher conference:I'm a bank manager and parent of two high school students, so I know just how important financial literacy is for teenagers. College students today are graduating with an average student debt of $24,800, yet only 1 in 5 high schools nationwide are providing any type of financial education. It's time for Springville High to start offering its students financial education that is personal, practical, and principled.Which is the most effective characteristic of this argument?A.The optimistic view of college education and its benefitsB.The repetition of the key words "students" and "education"C.The use of strong emotional appeals to persuade the audienceD.The speaker identifying his or her credentials and authority

A national poll by the Institute for College Access and Success showed that in 69% of college graduates from public and nonprofit colleges in 2013 had student loan debt. Dr. Blackman wanted to find out if her public nonprofit university had a lower proportion of students who graduated with student loan debt in 2013.For this survey, the null hypothesis was that the proportion of students with graduated with student loan debt equals 69% and the alternative hypothesis is that the proportion with student loan debt does not equal 69%. The significance level for this test was 0.05.The results of the hypothesis test of the new survey showed a p-value of 0.039.Which of the following statements is correct? Check all that apply. The results were statistically significant. The results were not statistically significant. The null hypothesis should be rejected. The null hypothesis should be accepted. The null hypothesis cannot be rejected.

Which of the following statements is true?Group of answer choicesCredit cards do not impact one’s credit score.Maintaining multiple credit cards will help reduce spending.Credit cards should mainly be used for large purchases.Credit card companies can change the terms of agreement with little or no warning

Someone with a higher credit score is _____ to get a loan compared to someone with a lower credit score.A.more likelyB.equally likelyC.less likelyD.not likely