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:

Expected Production

The forecasted amount of goods or services a company plans to produce in a specific period based on demand and capacity planning.

Impairment Loss

A decrease in an asset's value recognized in financial statements when the asset's carrying amount exceeds its recoverable amount.

Carrying Value

The net amount at which an asset or liability is reported on the balance sheet, adjusted for factors such as depreciation or amortization.

Future Value

The value of an investment at a specific date in the future, considering compounding interest or investment returns.