Your FICO Score Will Be _____

question 72

Multiple Choice

Your FICO score will be _____.

• A)average if it is in the 600-700 point range.
• B)lower if you pay more than the minimum balance due on your credit cards
• C)higher if you recently applied for several loans
• D)lower if you have borrowed from a mix of lenders

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Definitions:

Monopolistic Competition

A market structure characterized by many sellers offering differentiated products, with some degree of market power.

Vacancy Rate

The percentage of all available units in a housing development or commercial property that are unoccupied or not rented at a given time.

Marginal Cost

Represents the cost incurred by producing one additional unit of a product or service.

"Staying" Power

The ability of an individual or entity to endure an adverse condition or situation for a long period without succumbing.