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Investing Answers

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1
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The safest way for someone to make an online purchase is to

A
ask friends what websites are secure.
B
check with the government first.
C
buy from a reputable website.
D
visit a locally run website.
2
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A
She pays her bills on time and has a higher amount of debt.
B
She has a lot of debt with a history of making late payments.
C
She pays her bills on time and has a lower amount of debt.
D
She has a lot of money and tends to pay her bills on time.
3

Which consequences can victims of identity theft face? Check all that apply.difficulty getting a loan or credit cardan increase in debtthe loss of a jobdifficulty keeping assetsa loss of moneydifficulty landing a new job

A
difficulty getting a loan or credit card
B
an increase in debt
C
the loss of a job
D
difficulty keeping assets
E
a loss of money
F
difficulty landing a new job
4

A car dealership analyzing whether it will loan money to William to buy a new car finds that his credit score is in the "very good” range.Which statement best describes the lender’s viewpoint of William?

A
He is a low-risk borrower who qualifies for lower interest rates.
B
He is a low-risk borrower who will struggle to obtain a loan.
C
He is a high-risk borrower who will get multiple loan offers.
D
He is a high-risk borrower who qualifies for higher interest rates.
5

Which of these scenarios most puts Margaret at risk of identity theft?

A
Margaret manages her bank account through its website while using a restaurant’s public wifi.
B
Margaret manages her bank account by calling her bank directly and using personal information for identification.
C
Margaret manages her bank account by visiting a local branch and signing paperwork for the bank teller.
D
Margaret manages her bank account by keeping personal records to compare to the bank’s records.
6

The Jones family would like to buy a home, but they have a large amount of debt that has led to a weak credit score. What step could the Jones family take to improve their credit?

T
They could ask a credit agency for assistance with paying off debt.
T
They could declare bankruptcy to eliminate the debt they owe.
T
They could hire a financial adviser to figure out how to pay off their debt.
T
They could ask creditors to defer loans while they apply for a mortgage.
7

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A
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B
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C
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D
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