Answers General Financial Literacy - Brinkerhoff - 2000 - 202627 Insurance — Unit testQuestion 8

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Insurance — Unit test

Question 8 of 25 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27

Which action is the most important for managing credit effectively?

Answer

A

Minimize your debt by paying off what you owe as soon as possible.

B

Open several credit cards to increase your borrowing limit.

C

Make only the minimum payment each month to avoid late fees.

D

Avoid checking your credit report to prevent score changes.

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