Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:COURSES
Assignment - 1. Credit Scores and Loans
SECTION 2 OF 4
QUESTION 2 OF 8
ASSIGNMENTS
Attempt 1 of 1
1
2
3
4
5
8
<.
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A person has a poor credit score due mainly to the amount of debt on credit cards and installment loans. How could the
person improve his score?
O reduce total credit line for all credit cards to less than 25% of income
O apply for a new credit card at 19% interest rate
O pay off the loan with the lowest interest rate first
O consolidate all credit to a loan with a 33% interest rate
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- How is your borrowing power affected when you are considered a "high risk"? There is a good chance that you will receive better loan terms and low interest rates. You might not qualify for a loan to buy a home, car, etc. You will pay lower interest rates. None of the above.arrow_forwardI can't get my debits to equal my credits, do you know where the mistake was?arrow_forwardwhat are interest rates? What do they have to do with the amount of credit provided to businesses and households?arrow_forward
- What concerns are there regarding the Paycheck Protecting Program and the Main Street Lending Program? What are the limitations and likely outcomes?arrow_forwardHow does a lower credit rating affect borrowers lenders and financial institution? What are the implications of the downgrade on the health of the financial system?arrow_forwardMoney Management. What happens when a student loans defaults?arrow_forward
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