Yoko is buying a car from a local car dealership. She wants to get the lowest interest rate possible. Which will most likely help her get the lowest interest rate?
Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full amount was immediately withdrawn from his bank account. Jen used a card to make the purchase, and she received a bill within 15 days of the purchase. She paid 21 point 3 0 dollars for the next 18 months until the bill was paid in full. The full payment included 58 point 6 0 dollars in interest. Which statement describes Sal’s purchase?
Xavier buys a computer for 525 dollars , which includes taxes. He pays for the computer over a 12-month period by paying 48 point 1 3 dollars per month. Which statement about Xavier’s purchase is most likely true?
Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for a few months until his credit history improves. Which explains whether Fido is making a sensible decision?
Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?
Which information is found on a credit report?
Which helps to establish a negative credit history?
Simon used a credit card to buy a skateboard. Which statement is true about his method of payment?
Tamera and Rupert each applied for the same credit card through the same company. Tamera has a positive credit history. Rupert has a negative credit history. Which compares their credit limits and likely interest rates?
Lois bought clothing at a store. She did not have enough in her bank account to pay for the purchase. After receiving the bill and paying off the balance, she realized that she paid 9 point 6 9 dollars in interest. Which statement is true about her method of payment?
Did you find these answers helpful?