Credit is a helpful tool because it:A.prevents lenders from charging higher interest rates in the future.B.rewards people for saving a percentage of their earnings.C.ensures that people do not overspend or exceed their ability to pay.D.allows people to borrow money that can be paid back later.SUBMITarrow_backPREVIOUS

Why is credit a helpful tool for businesses and consumers?A.It allows them to borrow money that can be paid back later.B.It prevents banks from charging them interest on loans.C.It rewards them for saving a large percentage of their earnings.D.It keeps their money safe and easily accessible in a bank.

Why is credit an important part of the economy?A.It allows people and businesses to pay off expensive purchases over time.B.It helps workers find higher-paying jobs that take advantage of their skills.C.It prevents banks from charging companies interest on long-term loans.D.It encourages businesses to sell products both domestically and internationally.

Which is a benefit of maintaining a high credit score?A.Paying lower interest rates on loansB.Increasing your debt-to-credit ratioC.Paying higher interest rates on loansD.Opening as many credit accounts as you wantSUBMITarrow_backPREVIOUS

_____ is considered a good practice for maintaining good credit.A.Lowering your balancesB.Making numerous applications for creditC.Keeping a high debt-to-credit ratioD.Opening many credit accountsSUBMITarrow_backPREVIOUS

Which are the benefits of credit-rating to investors?a.All of theseb.Saving of resourcesc.Credibility of issuesd.Safeguard against bankruptcy