

U5L3 BW Finance
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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7 questions
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1.
FLASHCARD QUESTION
Front
How long will a negative credit action usually remain on a credit report?
Back
7 years
2.
FLASHCARD QUESTION
Front
What is important in establishing good credit?
Back
Making payments on time
3.
FLASHCARD QUESTION
Front
What is included under credit history on a credit report?
Back
Late payments
4.
FLASHCARD QUESTION
Front
Who would be more likely to get a car loan? Options: Dave with a credit score 560, Julie with a credit score 780
Back
Julie with a credit score 780
5.
FLASHCARD QUESTION
Front
Information about my purchases in cash or with a debit card appear on my credit report
Back
False
6.
FLASHCARD QUESTION
Front
I should review my credit report for errors. Is this statement True or False?
Back
True
7.
FLASHCARD QUESTION
Front
Having a small amount of debt is good for my credit history. Is this statement True or False?
Back
True
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