In the Context of Credit, Which of the Following Statements

question 88

Multiple Choice

In the context of credit, which of the following statements is true of the Fair, Isaac and Company (FICO) scale?

• A) It runs from 500 to 1200.
• B) A person's credit score on the scale is based on his or her occupation and gender.
• C) A person with a credit score above 500 is considered to have excellent creditworthiness.
• D) A high credit score on the FICO scale makes it easier to get credit on favorable terms.

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Definitions:

Gilded Age

A period in the late 19th century in the United States, marked by rapid industrialization, economic growth, and the extravagant wealth of a few juxtaposed with widespread poverty and corruption.

Reagan Years

The era in United States history marked by the presidency of Ronald Reagan, from 1981 to 1989, known for conservative policies, economic reforms, and the end of the Cold War.

First Woman

The pioneering female in a particular field or the first to achieve a significant milestone.

United States Supreme Court

The highest court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional or federal law.