Multiple Choice
Debt payments-to-income ratio is
A) calculated by dividing total liabilities by net worth.
B) calculated by dividing monthly debt payments (not including house payments) by net monthly income.
C) determined by dividing your assets into liabilities.
D) a useless ratio for determining your credit capacity.
E) rarely used by creditors in determining credit worthiness.
Correct Answer:
Verified
Correct Answer:
Verified
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