Your credit score is -- a way to get on the Dean's List a reflection of your financial history O a report explaining your bank account a summary of how many course credits you've earned
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- Don't give answer by pen paperDon't answer by pen paperou decided to go and apply for a credit card at your local financial institution.The Prime rate currently announced on June 1 was 3.25%. You have goodcredit history and a FICO score of 700. The lowest rate that they can offer toindividuals is a 18.99% APR for a credit card that gives cashback on purchasesand rewards. You were offered 21.99% APR for the credit card. How did thelender determine or calculate what rate they should offer you?
- Not gradedBackground You and a good friend are supposed to meet in Paris, France. You know you have arranged to meet at either the Arc de Triomphe (AdT) or at the base of the Eiffel Tower (ET) but you cannot remember which and you cannot communicate with each other. You prefer the Arc de Triomphe. Your friend prefers the Eiffel Tower. But you both much prefer to be together rather than apart. If you and your friend each arrive at the Arc de Triomphe, your payoff is 14 and your friend’s payoff is 10. If you and your friend each arrive at the Eiffel Tower, you friend’s payoff is 14 but your payoff is 10. If you go to the Arc de Triomphe and your friend goes to the Eiffel Tower, your payoff is 6 and your friend’s payoff is 6. If you go to the Eiffel Tower and your friend goes to the Arc de Triomphe, your payoff is 4 and your friend’s payoff is 4. If it helps, you can think of these payoffs as units of enjoyment or utility you and your friend derive from the outcomes. (As you recall, while firms…There are two costs associated with extending credit; one is opportunity cost. What is the other cost