Answers FA Personal Finance Banking BasicsQuestion 7

7

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Banking Basics

Question 7 • FA Personal Finance

What will most likely happen if Tony continues to make late payments? Check all that apply.

Answer

A

The bank might take his car.

B

The bank will charge late fees.

C

His credit history might be damaged.

D

He might be charged a down payment.

E

He might have to add an asset to the loan.

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