Question

question 5
a high credit score can result in
difficulty renting an apartment.
higher interest charges.
lower interest rates.
difficulty obtaining credit in the future.
question 6
what is credit?
granting or lending something of value in exchange for future repayment
a person, financial institution, or other business that lends money
the recognition you receive during the previous pay period
the amount you earn for completing a task
question 7
what is interest?
the original amount of money borrowed
the amount of your monthly payment on a loan
the price of using someone elses money
the value of the item you are purchasing with a loan

Explanation:

Question 5

A high credit score shows a borrower's reliability in repaying debt. Lenders view this positively, so they offer lower interest rates (since the risk of default is low). Difficulty renting, higher interest, or future credit issues are opposite of what a high score brings.

Credit is when a lender (like a bank) gives something of value (money, goods) to a borrower, who agrees to repay it later (with interest, usually). The other options: a lender is the one providing, not the definition of credit; recognition in pay period or earnings for tasks are unrelated.

Interest is what a borrower pays to a lender for using their money. The original borrowed amount is principal, monthly payment includes principal + interest, and the item's value is unrelated. So it's the price for using someone else's money.

Answer:

C. lower interest rates.

Question 6