Closing Unused Credit Card Accounts That Have Been Open for a Long

question 116

True/False

Closing unused credit card accounts that have been open for a long time will likely not improve your credit score.

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Definitions:

Acceptance of Goods

The act of receiving a product or service and agreeing that it meets the contractual specifications and requirements.

Environmentally Preferable Purchasing (EPP) Program

A procurement policy that emphasizes buying products and services with a reduced environmental impact.

Federal Procurement

Federal procurement involves the process by which government departments or agencies purchase goods, services, and works from the private sector.

Offshore Sourcing

The procurement of goods or services from suppliers located in countries other than the buyer's, often for cost saving purposes.