Question
Question 1
A)
Which type of credit typically gives debtors the most time to repay money they have borrowed?
(1 point)
Responses
car loans
car loans
credit cards
credit cards
mortgages
mortgages
personal loans
personal loans
Question 2
A)
Which types of information may creditors legally consider when determining someone’s creditworthiness? Select all that apply.
(1 point)
Responses
age
age
bill-paying habits
bill-paying habits
gender
gender
expenses and income
expenses and income
ethnicity or race
ethnicity or race
Question 3
A)
Which type of bank card immediately deducts payment for purchases from the cardholder’s checking account?
(1 point)
Responses
credit card
credit card
debit card
debit card
prepaid card
prepaid card
smart card
smart card
Question 4
A)
What are some advantages of using credit cards? Select all that apply.
(2 points)
Responses
little to no interest on money owed
little to no interest on money owed
allows you to buy now and pay later
allows you to buy now and pay later
highly resistant to fraud and theft, especially online
highly resistant to fraud and theft, especially online
may offer incentives such as airline or hotel points
may offer incentives such as airline or hotel points
no need to carry large amounts of cash
no need to carry large amounts of cash
Question 5
A)
What is the amount of money that a person takes in over a specified period of time?
(1 point)
Responses
budget
budget
credit
credit
income
income
expense
expense
Question 6
A)
Why is your credit score important? Select all that apply.
(1 point)
Responses
Banks use it to determine whether you qualify for a loan.
Banks use it to determine whether you qualify for a loan.
It can affect your interest rate.
It can affect your interest rate.
It eliminates interest and fees from your loans.
It eliminates interest and fees from your loans.
It insures your money in case your bank fails.
It insures your money in case your bank fails.
A)
Which type of credit typically gives debtors the most time to repay money they have borrowed?
(1 point)
Responses
car loans
car loans
credit cards
credit cards
mortgages
mortgages
personal loans
personal loans
Question 2
A)
Which types of information may creditors legally consider when determining someone’s creditworthiness? Select all that apply.
(1 point)
Responses
age
age
bill-paying habits
bill-paying habits
gender
gender
expenses and income
expenses and income
ethnicity or race
ethnicity or race
Question 3
A)
Which type of bank card immediately deducts payment for purchases from the cardholder’s checking account?
(1 point)
Responses
credit card
credit card
debit card
debit card
prepaid card
prepaid card
smart card
smart card
Question 4
A)
What are some advantages of using credit cards? Select all that apply.
(2 points)
Responses
little to no interest on money owed
little to no interest on money owed
allows you to buy now and pay later
allows you to buy now and pay later
highly resistant to fraud and theft, especially online
highly resistant to fraud and theft, especially online
may offer incentives such as airline or hotel points
may offer incentives such as airline or hotel points
no need to carry large amounts of cash
no need to carry large amounts of cash
Question 5
A)
What is the amount of money that a person takes in over a specified period of time?
(1 point)
Responses
budget
budget
credit
credit
income
income
expense
expense
Question 6
A)
Why is your credit score important? Select all that apply.
(1 point)
Responses
Banks use it to determine whether you qualify for a loan.
Banks use it to determine whether you qualify for a loan.
It can affect your interest rate.
It can affect your interest rate.
It eliminates interest and fees from your loans.
It eliminates interest and fees from your loans.
It insures your money in case your bank fails.
It insures your money in case your bank fails.
Answers
GPT-4o mini
Here are the answers to your questions:
**Question 1:**
A) Which type of credit typically gives debtors the most time to repay money they have borrowed?
- **mortgages**
**Question 2:**
A) Which types of information may creditors legally consider when determining someone’s creditworthiness? Select all that apply.
- **bill-paying habits**
- **expenses and income**
**Question 3:**
A) Which type of bank card immediately deducts payment for purchases from the cardholder’s checking account?
- **debit card**
**Question 4:**
A) What are some advantages of using credit cards? Select all that apply.
- **allows you to buy now and pay later**
- **highly resistant to fraud and theft, especially online**
- **may offer incentives such as airline or hotel points**
- **no need to carry large amounts of cash**
**Question 5:**
A) What is the amount of money that a person takes in over a specified period of time?
- **income**
**Question 6:**
A) Why is your credit score important? Select all that apply.
- **Banks use it to determine whether you qualify for a loan.**
- **It can affect your interest rate.**
Feel free to ask if you need further clarification or assistance!
**Question 1:**
A) Which type of credit typically gives debtors the most time to repay money they have borrowed?
- **mortgages**
**Question 2:**
A) Which types of information may creditors legally consider when determining someone’s creditworthiness? Select all that apply.
- **bill-paying habits**
- **expenses and income**
**Question 3:**
A) Which type of bank card immediately deducts payment for purchases from the cardholder’s checking account?
- **debit card**
**Question 4:**
A) What are some advantages of using credit cards? Select all that apply.
- **allows you to buy now and pay later**
- **highly resistant to fraud and theft, especially online**
- **may offer incentives such as airline or hotel points**
- **no need to carry large amounts of cash**
**Question 5:**
A) What is the amount of money that a person takes in over a specified period of time?
- **income**
**Question 6:**
A) Why is your credit score important? Select all that apply.
- **Banks use it to determine whether you qualify for a loan.**
- **It can affect your interest rate.**
Feel free to ask if you need further clarification or assistance!