The Basics of Building Credit
Exercise 1
Choose the best answer.
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1.
What does credit measure?
- How likely someone is to pay back a loan
- How well someone has made payments in the past
- How trustworthy someone is with money
- All of the above
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2.
When do you need credit?
- When you apply for a loan
- When you apply for a credit card
- When you apply for a house
- All of the above
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3.
What does bad credit say about you?
- That you are hard to trust with a loan or credit card
- That you do not make much money
- That you are young
- That you watch a lot of bad movies
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4.
What does good credit say about you?
- That you make a lot of money
- That you have many credit cards
- That you are easy to trust with a loan or credit card
- That you have a lot of Facebook friends