To Establish Creditworthiness You Probably Should First

question 47

Multiple Choice

To establish creditworthiness you probably should first

• A)open savings and checking accounts.
• B)use credit extensively.
• C)arrange a small loan.
• D)pay cash for all purchases.
• E)arrange a large loan from close relatives.

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Definitions:

Normative History-Graded

Influences that are experienced by a specific culture or generation, affecting individuals in a similar manner across that group.

Normative Age-Graded

Pertains to the typical or expected life events that occur at certain ages, shaped by cultural, social, and biological factors.

Normative Age-Graded

Influences or events that are typical for individuals of a specific age in a given culture, contributing to the similarities in development and aging processes.

Driver's License

An official document permitting a specific individual to operate one or more types of motorized vehicles on public roads.