Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Understanding Net WorthQuestion 8

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Understanding Net Worth

Question 8 of 25 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Which is a short-term consequence of making a late payment on your bill?

Answer

A

It will be harder to buy a house because it affects your credit history.

B

There will be a late fee added to the bill.

C

It will be harder to secure a new loan at a low rate.

D

The bank will charge a fee for having a negative balance.

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