Your FICO Score Will Be _____

question 72

Multiple Choice

Your FICO score will be _____.

• A)average if it is in the 600-700 point range.
• B)lower if you pay more than the minimum balance due on your credit cards
• C)higher if you recently applied for several loans
• D)lower if you have borrowed from a mix of lenders

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Increase

A rise in the quantity, size, number, or degree of something.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase at any given price.

Expectations

The anticipations of consumers, firms, and others about future economic conditions, which can influence their decisions today.