Question
Financial Literacy Unit Test
8 of 158 of 15 Items
Question
Which of the following is a benefit of having a positive credit history?(1 point)
Responses
A co-signer will be allowed to help you with loans.
A co-signer will be allowed to help you with loans.
You’re more likely to get higher interest rates on loans.
You’re more likely to get higher interest rates on loans.
You’re more likely to get approved for a prepaid cell phone plan.
You’re more likely to get approved for a prepaid cell phone plan.
It’s easier to have an application to rent an apartment accepted.
It’s easier to have an application to rent an apartment accepted.
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Answers
GPT-4o mini
The correct response is:
**It’s easier to have an application to rent an apartment accepted.**
Having a positive credit history demonstrates to landlords and lenders that you are a reliable borrower, which can improve your chances of being approved for an apartment rental.
**It’s easier to have an application to rent an apartment accepted.**
Having a positive credit history demonstrates to landlords and lenders that you are a reliable borrower, which can improve your chances of being approved for an apartment rental.