AnswersTX-Money MattersManaging Financial Information

Managing Financial Information Answers

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1
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monitorflagfreezecancel

A
monitor
B
flag
C
freeze
D
cancel
3

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

A
after determining whether they have lost any money.
B
quickly to protect themselves from embarrassment.
C
after determining how someone stole their identity.
D
quickly to protect themselves from financial losses.
4

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.
5

bankruptcypaymentdissolutioncancellation

A
bankruptcy
B
payment
C
dissolution
D
cancellation
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

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

A
when an employer requests it
B
when a consumer authorizes it
C
when a lender asks for it
D
when a security freeze is put on it
8

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.
9

Checking a credit report is a good way to

A
know whether credit is improving.
B
reduce the amount of money owed.
C
determine which debts to pay off.
D
decrease interest payments.
10

Which information is included on a person’s credit report? Check all that apply.money owed to a relativecurrent credit cards and loanstotal amount of money owedwhether bills are paid on timehow much money lenders will loaninterest rates for different loans

A
money owed to a relative
B
current credit cards and loans
C
total amount of money owed
D
whether bills are paid on time
E
how much money lenders will loan
F
interest rates for different loans

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