CP Semester 1 Exam Review

Front

Is your credit report a comprehensive record of your credit activities?

Back

Yes

Front

What does your credit score represent?

Back

A calculation derived from details in your credit history, a figure produced by a mathematical formula, indicates the probability of you settling your debts.

Front

What is a method to improve your credit score?

Back

Ensure timely payment of your bills

Front

What are the essential sections to include in your resume?

Back

Career Goal, Academic Background, Work Experience

Front

Which of the following details is unnecessary in the education section of a resume? Institution name, Expected graduation year, Years of attendance, School's mascot

Back

School's mascot

Front

Which of the following factors does not affect your credit score?
Your history of making payments,
The amount you have invested in stocks,
Your ratio of debt to available credit,
The duration of your credit history

Back

The amount you have invested in stocks

Front

Enables you to lease furniture, appliances, and electronics for a predetermined duration.

Back

Lease-to-Own Agreements

Front

What is the formula to determine gross earnings?

Back

Hourly Wage x Total Hours

Front

What credit score range is needed to secure the best interest rate on a loan?

Back

740-850

Front

What indicates excessive borrowing? Options: relying on each paycheck to cover expenses, shying away from new opportunities, using credit cards to settle other debts, experiencing negative self-talk

Back

relying on each paycheck to cover expenses