Examlex

Solved

Vito Finished First in the School Spelling Bee, Fabrizio Finished

question 15

Multiple Choice

Vito finished first in the school spelling bee, Fabrizio finished second, and Luigi finished third. The first-place winner gets a cash prize and the opportunity to compete at the regional spelling bee, but the others get nothing. Which of the following is most likely to occur?


Definitions:

FICO Score

A score that summarizes the probability that a debtor will pay a debt and is a reliable way that creditors judge credit worthiness.

Interest

A fee paid on borrowed assets, usually calculated as a percentage of the principal.

Federal Direct Unsubsidized Loan

A federal student loan where the borrower is responsible for paying all the interest, regardless of the loan's status.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.

Related Questions