When You Apply for a Credit Card, the Potential Creditor

question 11

Multiple Choice

When you apply for a credit card, the potential creditor will look at which of the following as a source of future debt payments if necessary?

• A) Cash outflows
• B) Credit history
• C) Potential inheritances
• D) Balances in savings accounts

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Definitions:

Extinction

The process by which a species, genus, or family of organisms ceases to exist through death or inability to reproduce in its natural environment.

Values

Values are the principles or standards of behavior that are considered important in life or in a particular decision-making process.

Transaction

An economic event that involves the transfer of goods, services, or funds between two or more parties.

Incentives

Motivations or stimuli that influence the behavior of individuals or organizations, often aimed at achieving certain outcomes or goals.