answer with true or false In many states,people withhigher creditscores pay lessfor carinsuranceSomelandlords usecredit scores toscreen tenantsCredit is onlyimportant ifyou need aloan:: True:: False Credit True or False?711The average American's credit scorePoorFairGoodVery goodExceptional300-579580-669670-739740-799800-850If you have alot of cash inyour checkingaccount youwill have ahigher creditScoreEmployers canrequest to seeyour creditreportA good creditscore can helpyou open anunsecuredcredit card witha decentinterest rateIf you have a500 creditscore you willstill be able toget a loan in anemergencyHaving a creditscore of 800means you willhavelower interestrates on carand homeloans

True, in many states high credit score leads to reduction in car insurance rates and lower credit…

Answered: answer with true or false

Business

Finance

answer with true or false

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter6: Using Credit

Section: Chapter Questions

Problem 4FPE

See similar textbooks

Related questions

Q: ow to do a P&L statement

A: A profit & loss statement shows the organization's revenue, expenses, and its profit for a…

Q: Identify each statement as true or false. If false, indicate how to correct the statement.

A: Hi thanks for the question. The question has multiple sub parts. As per the company guidelines…

Q: 1.- True or False. Fill in the space with your answer (V) or (F), always justify that you qualify it…

A: Since we only answer up to 3 subparts, we will answer the first 3. Please resubmit the question and…

Q: Which of the following statements is true?

A: All the accounts in the income statement are closed at the end of each year and the balance is…

Q: correct

A: Correct Answer :- C 6000 Gain

Q: hich of the following statements is true?

A: Payback periods is not larger than maximum accepted pay back period. Profitability index 1 or more…

Q: True or False:

A: Explanations: 1. Total capital of the firm depends upon the types of capital a firm has issued.…

Q: Answer for question A is required

A: Functional currency can be defined as the currency which is used by the business organizations to…

Q: Which of the following statements is true? Multiple Choice

A: The following statement is true.

Q: Only answer part D and part E

A: The income statement of the business shows all incomes and expenses of the business at the end it…

Q: PAS 16, F

A: PAS - 16 refers to the Philippines Accounting Standard on Property, Plant and Equipment. It is used…

Q: 1: Ma correct phrases and "False * incorrect Ise True

A: In this we have to differentiate between rate of interest for quarter and interest rate for the…

Q: True or False: Write T if the statement is correct. If it is not, write F and state the reason…

A: Financial planning is a forecast of future revenue and expense for an organisation The first step in…

Q: True or False

A: In variable costing, Income is determined by subtracting Fixed costs from contribution margin and…

Q: ans

A: The right answer is Due to shortage of personnel the client asks a member firm to assist with the…

Q: Which of the above statements is/are true?

A: Factory overhead allocation: the factory overhead of a company can only be calculated at the end of…

Q: CHOICES A. Only Statement I is correct B. Only Statement II is false C. Statements II and III are…

A: The financing of long-term assets with long-term debt is referred to as Hedging. 3/20 means 3%…

Q: please question d) e) and F)

A: in order to calculate Weighted average cost of capital it is important to know the cost of capital…

Q: Question 1B Answer for (i)

A: Step 1 As per US GAAP, intangible assets can be capitalized in financial statements only if the…

Q: answer all part of the

A: Here we will calculate standard and actual profit based on given info.…

Q: Indicate whether each of the following statements is true or false.

A: ANSWER 1.True When designing an accounting system, Special reports are needed and for preparing…

Q: Direction: Write T if the statement is correct and F statement is incorrect. On the space provided,…

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: Which of the following statements is true ahout the fonward prio

A: Forward Price volatility can be defined as the increase or a decrease of 1 basis point in required…

Q: Question D is incorrect. Can you check the answer

A: Here discuss about the details of the taxable income and income tax which are incurred with the tax…

Q: Instructions Identifv each statement as true or folse If folse indicate ho w to correct the…

A: There are some statement for which we have to identify whether the statement is true or false.

Q: Indicate whether the given statements is true (T) or false (F): "It is always true that i > r…

A: The question is based on the concept of effective interest rate and real interest rate compounding…

Q: 1. Determine whether each statement is true or false. If the statement is false, make the necessary…

A: Given information : Initial deposit = $1500 Interest rate = 4%

Q: why b is incorrect? * which is the correct ans

A: Solution concept The accounting equation is expressed as Asset = liabilities + equity The…

Q: Answer question 2, is it true or false

A: Banker's acceptances refers to that instrument in finance in which the payment is guaranteed by a…

Q: FALSE

A: False Explaination: If financial information is used to predict future outcome then we can say…

Q: False,False,True,True,True True,False,True,False,True All Statements are true. All Statements are…

A: Statement 1 is false : Interest rate is 12% (Imputed interest / Existing investment ie…

Q: hich of the following statements are true and which are false?

A: I. Externalities is the one of the reason for market failure not an only reason. They are many…

Q: True or False.

A: Hi student Since there are multiple subparts, we will answer only first three subparts

Q: True or False True False

A: The question is related to Cost Accounting.

Q: rue or false question

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: Select one: a. TRUE O b. FALSE

A: Job order costing: Job order costing is one of the methods of cost accounting under which cost is…

Q: able.

A: Here discuss about the tax burden which are incurred in the insurance policy after the outlive of…

Q: Do all the sub parts otherwise I downvote the answer.

A: Variance is the difference between standard and actual.

Q: True or False: Write T if th statement is correct. If it is not, write F and state the reason…

A: Answer: As per Q/A guidelines, first question has been answered. Please repost remaining questions.…

Q: Which of the following statements is TRUE?

A: A measure of an organization’s liquidity position can be ascertained by examining its Current Ratio.…

Q: Answer question 9, is it true or false

A: In the world of lending, banking and finance loans are usually secured loans and unsecured loans.

Q: rue or false Give answer of all with explanation

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: a. True O b. False

A: Option A is the Correct answer i.e True.

Q: Which of the following statements Is/are true?

A: Inventory valuation: Inventory valuation is a method used or followed for the calculation cost of…

Q: The exp

Q: An item of p- O True O False

A: Real property means any item which may be factored into the property value.

Q: Which one was the correct answer? b?

A: Cost management system refers to procedure of planning as well as controlling the budget of the…

Question

answer with true or false

In many states,
people with
higher credit
scores pay less
for car
insurance
Some
landlords use
credit scores to
screen tenants
Credit is only
important if
you need a
loan
:: True
:: False

Credit True or False?
711
The average American's credit score
Poor
Fair
Good
Very good
Exceptional
300-579
580-669
670-739
740-799
800-850
If you have a
lot of cash in
your checking
account you
will have a
higher credit
Score
Employers can
request to see
your credit
report
A good credit
score can help
you open an
unsecured
credit card with
a decent
interest rate
If you have a
500 credit
score you will
still be able to
get a loan in an
emergency
Having a credit
score of 800
means you will
have
lower interest
rates on car
and home
loans

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Bank rates on credit card balances are usually similar to the rate charged on business loans. Group of answer choices: True False
which of the following source of finance allows the holders to withdraw more than their balance ? a. Commercial Paper b. Bank Overdraft c. Credit card d. cash credit
1. How do banks use your credit reports? Sight an example to illustrate the answer. 2. How can you have a good credit history?
PROBLEM RECOGNITION TASK Determine the maximum deposit insurance coverage by PDIC in the following items. 2. Janard Lindio has the following deposit accounts in a closed bank: Janard Lindio and Clifford Agustin P600,000 Janard Lindio and Anthony Agarin P800,000 Janard Lindio and Patrick Reyes P900,000 What is the maximum deposit insurance coverage as far as Janard is concerned?
4.___________ allows the bank clients to borrow money against a line of credit with a credit limit. a. Credit card b. Debit card c. Line of credit d. None of the options
A6 What are the advantages and disadvantages of using the following Allowance for Expected Credit Losses (AECL) estimates? 1) AECL based of 3rd party credit ratings and Aging of accounts receivab 2) AECL based on Customer Response Score (CR 3) AECL based on write-off history and regionS)le
Bank can be a source of short-term funding in terms of credit card applications. These fundings on credit cards make sure that regular payments should be made. Group of answer choices True False
Select TWO true statements about money.a. Base money is equal to cash plus commercial bank reserves with the central bankb. Cash is a liability of the central bankc. If a commercial bank makes a loan and credits the borrower's current account, then base money increasesd. Commercial bank reserves with the central bank appear as a liability in their balance sheets
Which statement about credit cards is true? a) A credit card company charges high interest rates on balances not paid off each month. b) A credit card company allows you to use money from your savings account. c) A credit card company allows you to payback money when you can d) A credit card takes money directly out of your checking account
1.) A credit card is which of the following? All of the answers are correct Is one part of a comprehensive strategy to managing a person’s finances Makes it extremely easy for a person to mess up their finances Is nothing more than a tool Is a huge convenience 2.) A debt – to income ratio can easily be calculated be from a what kind of statement? Investment Budget Bank Tax Net worth 3.) What is it that almost all lenders evaluate of anyone applying for a loan? Certainty Income Risk Payback Credit 4.) Credit and debt are two of the most crucial means available to achieve personal financial: Intentions Objectives Goals Reasons Ideas 5.) Debt allows an economy to appear very large but debt also creates more ____ in an economy. Inevitability Surety Certainty Risk Business 6.) Eventually, some potential borrowers can get to the point that they present so much _______ that no lender will loan them anything at all. Cash Money Work Risk Trouble 7.) _______ is simply external indicator of…
if a bank quotes usd/jpy at 105.24-25, and an individual wishes to buy JPy, what is the corret price 105.25 105.245
Direction: Match the following bank accounts to its usage or description listed below. Write your answer on the blank before the number. Choose from the following Savings Account Current Account Time Deposit UITF _________________1. The simplest form of bank account. _________________2. A bank account which cannot be withdrawn until the contract period has ended. _________________3. It is a type of bank account that pooled funds managed by experts to ensure high yield and quality returns. _________________4. It allows a limited number of withdrawals only. _________________5. It makes saving very rewarding. _________________6. It allows numerous withdrawals with a large sum of money. _________________7. The investors earn through the increase in fair value of the pooled fund. _________________8. The investors earn through interest while saving. _________________9. This bank account comes with atm or passbook. ________________10. This is evidence by a…