The Longer You Have Had an Account, the ________ Your

question 71

Multiple Choice

The longer you have had an account, the ________ your FICO score.

• A) better
• B) lower
• C) more accurate
• D) less accurate

---

Definitions:

Black Market

An illegal traffic or trade in officially controlled or scarce commodities, bypassing governmental regulation or taxation.

Binding Price Floor

A government-imposed price control that sets the minimum price above the equilibrium price, causing a surplus in the market.

Deadweight Loss

An economic inefficiency caused by a deviation from the optimal allocation of resources, often resulting from market distortions like taxes or subsidies.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market equilibrium price.