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question 2 what is the recommended credit utilization ratio to maintain…

Question

question 2 what is the recommended credit utilization ratio to maintain a good fico score? 10% 75% 50% 30% credit utilization is the percentage of your credit limit that you are currently using. false true

Explanation:

Step1: Recall Credit Utilization Knowledge

In finance (a subfield of Business), the recommended credit utilization ratio to maintain a good FICO score is generally 30% or lower. This is a standard guideline in personal finance for credit management.

Step2: Match with Options

Among the given options (10%, 75%, 50%, 30%), 30% aligns with the recommended ratio.

Answer:

30%