OD. Question 19 Paid "as agreed" means you paid your account on or before the "due date." Which statement describes the smartest move, when it comes to paying your accounts? 16 OA I pay my accounts on the day they are due. OB. I always pay my accounts days early Oc I mail my payment on the day that it is due. OD. I mail my accounts on the day they are due in cash. Question 20 How many new accounts you have plays a role in your credit rating. In fact, too many new accounts usually hurt your credit rating. Choose the example which shows too many new accounts. OA. You get one new credit card this year. OB. You get lots of offers for credit cards, and get five within a month! Nice! Oc. You only have a debit card. OD. You only use your one card for emergencies and pay it off every month. Question 16 What is a "debt-to-income" ratio? OA How much money you have to pay back on your income. OB. How much money you owe in total versus how much you make, 46 OC. How much money you have to make every year in your job. How much money you owe on your student loan compared with how much OD. you want to make in your job Question 17 Many companies deliberately give you repayment plans that make sure it will take you decades to pay your debt. True. False. Question 18 What is the best way to improve your credit? OA Hire a credit counseling agency. OB. Consult your parents on good borrowing practices. OC. Make all your payments on time, every time. Make all your payments early except your credit cards. It is OK to pay them OD. late.
OD. Question 19 Paid "as agreed" means you paid your account on or before the "due date." Which statement describes the smartest move, when it comes to paying your accounts? 16 OA I pay my accounts on the day they are due. OB. I always pay my accounts days early Oc I mail my payment on the day that it is due. OD. I mail my accounts on the day they are due in cash. Question 20 How many new accounts you have plays a role in your credit rating. In fact, too many new accounts usually hurt your credit rating. Choose the example which shows too many new accounts. OA. You get one new credit card this year. OB. You get lots of offers for credit cards, and get five within a month! Nice! Oc. You only have a debit card. OD. You only use your one card for emergencies and pay it off every month. Question 16 What is a "debt-to-income" ratio? OA How much money you have to pay back on your income. OB. How much money you owe in total versus how much you make, 46 OC. How much money you have to make every year in your job. How much money you owe on your student loan compared with how much OD. you want to make in your job Question 17 Many companies deliberately give you repayment plans that make sure it will take you decades to pay your debt. True. False. Question 18 What is the best way to improve your credit? OA Hire a credit counseling agency. OB. Consult your parents on good borrowing practices. OC. Make all your payments on time, every time. Make all your payments early except your credit cards. It is OK to pay them OD. late.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:OD.
Question 19
Paid "as agreed" means you paid your account on or before the "due date." Which
statement describes the smartest move, when it comes to paying your accounts?
16
OA I pay my accounts on the day they are due.
OB. I always pay my accounts days early
Oc I mail my payment on the day that it is due.
OD. I mail my accounts on the day they are due in cash.
Question 20
How many new accounts you have plays a role in your credit rating. In fact, too
many new accounts usually hurt your credit rating. Choose the example which
shows too many new accounts.
OA. You get one new credit card this year.
OB. You get lots of offers for credit cards, and get five within a month! Nice!
Oc. You only have a debit card.
OD. You only use your one card for emergencies and pay it off every month.
Transcribed Image Text:Question 16
What is a "debt-to-income" ratio?
OA How much money you have to pay back on your income.
OB. How much money you owe in total versus how much you make,
46
OC. How much money you have to make every year in your job.
How much money you owe on your student loan compared with how much
OD.
you want to make in your job
Question 17
Many companies deliberately give you repayment plans that make sure it will take
you decades to pay your debt.
True.
False.
Question 18
What is the best way to improve your credit?
OA Hire a credit counseling agency.
OB. Consult your parents on good borrowing practices.
OC. Make all your payments on time, every time.
Make all your payments early except your credit cards. It is OK to pay them
OD.
late.
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