Managing Financial Information - Quiz Quiz

Question 1

Which is the best option for someone who wants to improve his or her credit and pay less interest on the debt?

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B: 100 dollars a month because it will reduce the amount of interest paid

Question 2

Checking a credit report is a good way to

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D: know whether credit is improving.

Question 3

Which statement best describes the lender’s viewpoint of William? 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.

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C: He is a low-risk borrower who qualifies for lower interest rates.

Question 4

It is important for victims of identity theft to contact the authorities

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D: quickly to protect themselves from financial losses.

Question 5

Which statement best describes the lender’s viewpoint of William? 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.

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D: He is a low-risk borrower who qualifies for lower interest rates.

Question 6

Which statement best describes how lenders determine borrowing conditions for a customer?

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C: They access the customer’s credit reports.

Question 7

Bryan receives an e-mail from a group posing as a police officers association and asking for bank account information. This is an example of

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C: phishing.

Question 8

Which consequences can victims of identity theft face? Choose four correct answers.

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A: an increase in debt; B: difficulty getting a loan or credit card; E: difficulty landing a new job; F: a loss of money

Question 9

Which statement best describes how lenders determine borrowing conditions for a customer?

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A: They access the customer’s credit reports.

Question 10

When can a credit agency release someone’s credit information in Florida?

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C: when a consumer authorizes it

Managing Financial Information - Quiz Quiz Answers

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