The Length of Time You've Held Various Credit Accounts Makes

question 68

True/False

The length of time you've held various credit accounts makes an impact on your individual Fair, Isaac and Company (FICO) score.

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Definitions:

Investment Opportunity

A potential financial venture, project, or asset that could generate a return on investment.

Margin

The difference between selling price and cost of goods sold, often expressed as a percentage of sales, highlighting profitability.

Performance Measures

Metrics used to assess the efficiency and effectiveness of an operation or employee.

Inventory

Materials and products that a business keeps for the ultimate goal of resale or processing.