6
QuizMultiple Choice

Long Term Purchases

Question 6 • Financial Math B (MA402) '25

Of the following, which statement or statements accurately represent possible effects of a long-term credit purchase on your credit score?I. Showing a willingness to pay high interest rates increases your score.II. Making only minimum payments for an extended time can hurt your score.III. Regularly paying off a credit balance can boost your score.a.I and IIIb.II onlyc.II and IIId.I, II, and III

Answer
A
A
B
B
C
C
D
D
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Of the following, which statement or statements…