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
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Transcribed Image Text:Scenario 2:
You've been eager to buy a new cell phone for months, and now you're ready to make it happen. You use your credit card to
purchase the phone and you set up automatic billing to pay the monthly expenses. At the end of each month, you pay the
credit card bill in full.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?
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