What Is One of the Most Important Determinants of the Amount

question 42

Multiple Choice

What is one of the most important determinants of the amount of credit you can obtain when applying for credit?

• A) cash in bank account
• B) parents' income
• C) number of credit cards
• D) credit history

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Definitions:

Raffle

A means of raising money by selling numbered tickets, one or more of which are subsequently drawn at random, the holder or holders of such tickets winning a prize.

Probability

A value ranging from 0 to 1 that denotes the probability of an event's occurrence.

Winning

Achieving victory or success in a contest, conflict, or endeavor.

Monthly Rates

The amount or percentage per month used for calculating changes in financial or other measurements.