Question

what do you know?
question 1 of 5
which of these are long - term impacts of having a good credit history?
○ it gives you freedom to shop around for the best deal on tech.
○ its easier to pay for major purchases like cars, houses, and education.
○ it lets you buy the things you want like clothes or cellphones.
○ it prevents you from spending money on things you want instead of things you need.

Explanation:

To determine the long - term impact of a good credit history, we analyze each option:

• Option 1: Shopping for tech deals is a short - term or general shopping benefit, not a long - term impact related to major financial milestones.
• Option 2: Major purchases like cars, houses, and education are long - term financial commitments. A good credit history makes it easier to get loans or favorable financing terms for these, which is a key long - term impact.
• Option 3: Buying clothes or cellphones is short - term, everyday spending and not a long - term impact of credit history.
• Option 4: A good credit history doesn't directly prevent spending on wants vs. needs; that's more about personal financial discipline.

Answer:

B. It's easier to pay for major purchases like cars, houses, and education.