Question

quiz 3c sep 5, 2025 personal finance #2 name eduardo baitz

1. if you have a very high credit score then you should get:

a) high interest rate loans b) low interest loan rate loans c) according to your age

1. which number would be considered a very bad credit score:

a) 600 b) 800 c) 500 d) 720

1. which has the most affect on your credit score:

a) your types of debt b) your payment history c) how many grades you went through school

1. which of the following does not influence your credit:

a) your willingness to pay proven by your past payment history b) your ability to pay based on your expenses and your income c) your race, sex, national origin

1. which is the fastest way to increase your income:

a) compound interest b) simple interest c) annual percentage rate

1. a fico score:

a) is the same as a credit score b) is the adjustable loan rate used for industry and corp c) is used for foreign industry countering objective

1. which of the following is not a benefit of using a credit card:

a) rewards b) purchase protection c) interest rates & fees d) establish credit

1. local schools receive money most often from:

a) income taxes b) property taxes c) sales taxes
t f 9. males tend to have their bills paid on time, spend less than their income.
t f 10. credit cards are actually loans and debt cards spend money from the person’s bank acco
extra credit: do the following: circle the two percentages with the greatest increase. circle the dollar amounts with the greatest difference. circle the year for this tax bracket.
federal income tax brackets for 2010 -- single filers
10% $0 - $8,350
15% $8,351 - $33,950
25% $33,951 - $82,250
28% $82,251 - $171,550
33% $171,551 - $372,950
35% $372,951+

Explanation:

1. A high credit - score indicates lower credit risk, so one gets low - interest rate loans.
2. Credit scores below 580 are generally considered poor. So 500 is a very bad credit score.
3. Payment history is a major factor in calculating credit scores.
4. Race, sex, and national origin are prohibited from influencing credit scores by law.
5. None of the options are ways to increase income directly. But this question may be misphrased as these are related to interest calculations.
6. A FICO score is a type of credit score.
7. Interest rates and fees are not benefits of using a credit card.
8. Local schools often receive money from property taxes.
9. There is no general truth that males tend to pay bills on time and spend less than income.
10. Credit cards are a form of loan and debit cards use money from one's bank account.

Answer:

1. b) low interest loan rate loans
2. c) 500
3. b) your payment history
4. c) your race, sex, national origin
5. None of the above (question may be incorrect as stated)
6. a) is the same as a Credit Score
7. c) interest rates & fees
8. b) Property Taxes
9. F
10. T