Unit 2B Study Questions

Front

What are four key factors that affect credit worthiness?

Back

Payment history, credit utilization, length of credit history, types of credit

Front

What is something of value that a borrower lets the lender claim if a loan is not repaid?

Back

Collateral

Front

What type of insurance provides financial support if you are unable to work due to a serious injury or illness?

Back

Disability Insurance

Front

Rohan found incorrect information on his credit report, which may hinder his ability to: Obtain a loan, Improve his credit score, Get a job, All of the above

Back

All of the above

Front

Which of the following is least likely to determine creditworthiness? Payment history, Credit utilization, Favorite color, Length of credit history

Back

Favorite color

Front

What type of insurance is designed to replace the loss of income for family members who are financially dependent on another person?

Back

Life Insurance

Front

Beneficiary

Back

A person who receives benefits

Front

Investment in education, training, and skill development has been linked to:

Back

Increased earnings for workers

Front

Which skill is most important to work effectively in a group?

Back

Communication

Front

How can Grace improve her digital footprint?

Back

By regularly updating privacy settings