A Low FICO Score

question 90

Multiple Choice

A low FICO score

• A)is a good credit score.
• B)can cost you quite a bit when you get a mortgage loan.
• C)may result in a credit card rate half the rate of that paid by those with a high FICO score.
• D)is the only factor the lender considers when determining whether to give you credit.

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Definitions:

Domestic-Born Workers

Domestic-Born Workers refer to individuals born in the country where they are employed, as opposed to foreign-born or immigrant workers.

Labor Markets

The supply and demand for labor, where employers seek to hire workers and workers seek employment, influenced by wages, working conditions, and level of skill.

Illegal Immigrants

Individuals who enter or reside in a country without the necessary authorization or legal permission from the government.

Minimum Wage Laws

Legislation that sets the lowest hourly rate that can be paid to workers, aimed at ensuring a minimum standard of living.