To Establish Credit, You Should First

question 19

Multiple Choice

To establish credit, you should first:

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

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Definitions:

Slope

A measure of the steepness or incline of a line, typically represented as the ratio of the rise over the run between two points on a graph.

Y-intercept

The Y-intercept of a linear equation is the point where the line crosses the Y-axis on a graph, representing the value of the dependent variable when the independent variable is zero.

Correlation

A statistical measure that expresses the extent to which two variables change together, indicating the strength and direction of their relationship.

Criterion Variable

Another term for the dependent variable, emphasizing its role as the outcome variable that is predicted or explained in a study.