A Borrower with an Excellent Credit History Would Be Most

question 153

Multiple Choice

A borrower with an excellent credit history would be most likely to receive credit with:

• A) higher credit limits.
• B) lower interest rates.
• C) variable interest rates.
• D) average credit limits and interest rates.
• E) both higher credit limits and lower interest rates.

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Definitions:

Kinetic Energy

The energy that an object possesses because of its motion, calculated by the equation 1/2 mv^2 where m is mass and v is velocity.

Temperature

A measure of the average kinetic energy of the particles in a substance, influencing its thermal state or phase.

Fire Triangle

A model explaining the three elements needed for fire: heat, fuel, and an oxidizing agent.

Combustion

Combustion is a chemical reaction in which a fuel combines with oxygen, releasing heat and light, commonly observed in fires.