Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a consumer's stage of the financial life cycle, income, net worth, or credit score affect the availability of loan sources and the associated cost of the loans offered? Question content area bottom Part 1 Which of the following statements is correct? (Select best answer below.) A. Typically, stages of the financial life cycle, income, and net worth move inversely with credit score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. B. Typically, stages of the financial life cycle, income, net worth and your credit score move in unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. C. Typically, stages of the financial life cycle, income, net worth and your credit score move in unison, and the cost of the loans tends to be higher in early financial life cycle stages due to an insufficiency of credit scores. D. Typically, stages of the financial life cycle, income, and net worth move inversely with credit score, and the cost of the loans tends to be higher in early financial life cycle stages due to an insufficiency of credit scores.
Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a consumer's stage of the financial life cycle, income, net worth, or credit score affect the availability of loan sources and the associated cost of the loans offered? Question content area bottom Part 1 Which of the following statements is correct? (Select best answer below.) A. Typically, stages of the financial life cycle, income, and net worth move inversely with credit score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. B. Typically, stages of the financial life cycle, income, net worth and your credit score move in unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. C. Typically, stages of the financial life cycle, income, net worth and your credit score move in unison, and the cost of the loans tends to be higher in early financial life cycle stages due to an insufficiency of credit scores. D. Typically, stages of the financial life cycle, income, and net worth move inversely with credit score, and the cost of the loans tends to be higher in early financial life cycle stages due to an insufficiency of credit scores.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a consumer's stage of the financial life cycle, income, net worth, or credit score affect the availability of loan sources and the associated cost of the loans offered?
Question content area bottom
Part 1
Which of the following statements is correct? (Select best answer below.)
Typically, stages of the financial life cycle, income, and net worth move inversely with credit score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.
Typically, stages of the financial life cycle, income, net worth and your credit score move in unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.
Typically, stages of the financial life cycle, income, net worth and your credit score move in unison, and the cost of the loans tends to be higher in early financial life cycle stages due to an insufficiency of credit scores.
Typically, stages of the financial life cycle, income, and net worth move inversely with credit score, and the cost of the loans tends to be higher in early financial life cycle stages due to an insufficiency of credit scores.
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