A) is a good credit score. B) can cost you quite a bit when you get a mortgage loan. C) may result in a credit card rate half the rate of that paid by those with a high FICO score. D) is the only factor the lender considers when determining whether to give you credit. A) is a good credit score. B) can cost you quite a bit when you get a mortgage loan. C) may result in a credit card rate half the rate of that paid by those with a high FICO score. D) is the only factor the lender considers when determining whether to give you credit.

Exam 6: Using Credit Cards: the Role of Open Credit

Credit card issuers are free to set up shop near large university campuses and offer free gifts-anything from free or discounted flights to free Frisbees.

(True/False)

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Question 81

What advice would you give to Monty concerning his use of credit cards?

(Multiple Choice)

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Question 82

What vital areas are typically evaluated in "scoring"?

(Essay)

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Question 83

Over 70% of the 25 biggest credit card issuers do not charge annual fees.

(True/False)

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Question 84

If you are a credit user the most important factor in choosing a credit card should be

(Multiple Choice)

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Question 85

One of the more important factors in determining your credit score is the length of your credit history.

(True/False)

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Question 86

The major differences between a premium prestige card and a regular credit card include

(Multiple Choice)

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Question 87

Susan was considering obtaining a new credit card but was told that too many applications for credit can cause one's FICO score to decrease?

(True/False)

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Question 88

Cash advances generally require an upfront fee of 4 to 6 percent of the amount advanced.

(True/False)

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Question 89

A low FICO score

(Multiple Choice)

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Question 90

Credit purchases made for personal needs like home mortgages or car loans are referred to as revolving credit.

(True/False)

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Question 91

A 2016 TD Ameritrade survey found what percent of respondents said that credit card debt would make them less likely to date someone?

(Multiple Choice)

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Question 92

List five components of the Credit Card Accountability,Responsibility,and Disclosure (CARD)Act.

(Essay)

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Question 93

List the three types of credit card users.

(Essay)

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Question 94

Describe four ways to prevent identity theft.

(Essay)

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Question 95

The ________ is the interest rate you pay on your balance if you don't make your minimum payments on time.

(Multiple Choice)

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Question 96

Taking a cash advance on your credit card for daily living expenses may not be a wise financial decision because interest begins on the cash advance balance amount immediately.

(True/False)

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Question 97

According to the Bankcard Holders Association of America,about 95 percent of all bank card issuers use the adjusted balance method.

(True/False)

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Question 98

One of the five C's of credit is capacity.Most likely,what information would potential creditors consider in evaluating your capacity?

(Multiple Choice)

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Question 99

A single-purpose card is a credit card that can be used only at a specific company.

(True/False)

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Question 100

Showing 81 - 100 of 167

Credit card issuers are free to set up shop near large university campuses and offer free gifts-anything from free or discounted flights to free Frisbees.

What advice would you give to Monty concerning his use of credit cards?

What vital areas are typically evaluated in "scoring"?

Over 70% of the 25 biggest credit card issuers do not charge annual fees.

If you are a credit user the most important factor in choosing a credit card should be

One of the more important factors in determining your credit score is the length of your credit history.

The major differences between a premium prestige card and a regular credit card include

Susan was considering obtaining a new credit card but was told that too many applications for credit can cause one's FICO score to decrease?

Cash advances generally require an upfront fee of 4 to 6 percent of the amount advanced.

A low FICO score

Credit purchases made for personal needs like home mortgages or car loans are referred to as revolving credit.

A 2016 TD Ameritrade survey found what percent of respondents said that credit card debt would make them less likely to date someone?

List five components of the Credit Card Accountability,Responsibility,and Disclosure (CARD)Act.

List the three types of credit card users.

Describe four ways to prevent identity theft.

The ________ is the interest rate you pay on your balance if you don't make your minimum payments on time.

Taking a cash advance on your credit card for daily living expenses may not be a wise financial decision because interest begins on the cash advance balance amount immediately.

According to the Bankcard Holders Association of America,about 95 percent of all bank card issuers use the adjusted balance method.

One of the five C's of credit is capacity.Most likely,what information would potential creditors consider in evaluating your capacity?

A single-purpose card is a credit card that can be used only at a specific company.

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Cash or Liquid Asset Management

Student and Consumer Loans: the Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: an Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Financial Life Eventsfitting the Pieces Together

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