Principles of Investment Answers
10 verified answers
1
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When can a credit agency release someone’s credit information in Florida?
A
when an employer requests itB
when a consumer authorizes itC
when a lender asks for itD
when a security freeze is put on it2
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bankruptcypaymentdissolutioncancellation
A
bankruptcyB
paymentC
dissolutionD
cancellation3
monitorflagfreezecancel
A
monitorB
flagC
freezeD
cancel4
Question text not available
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.5
Which statement best describes how lenders determine borrowing conditions for a customer?
A
They access the customer’s credit reports.B
They see how large of a down payment the customer makes.C
They look into how much the customer has saved for emergencies.D
They access the customer’s work history.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
Which person is a victim of identity theft?
S
Suzie, whose e-mail was stolen and used to apply for a credit card from a major retailerM
Michael, whose credit score was stolen and used to make a down payment on a homeP
Pam, whose smartphone was stolen and used to make a mortgage paymentT
Thomas, whose credit card information was stolen and maxed out at a jewelry store8
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.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
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.Did you find these answers helpful?
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