Why Is a Low Credit Score Problematic

question 44

Multiple Choice

Why is a low credit score problematic?

• A)It leads to penalties.
• B)It makes it more difficult to borrow.
• C)It lowers your interest rate.
• D)It raises your credit limit.

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Definitions:

Macroeconomics

Study of a nation’s overall economic issues, such as how an economy maintains and allocates resources and how a government’s policies affect the standards of living of its citizens.

Buyers' Incomes

The total earnings or revenue of purchasers, which directly impacts their purchasing power and demand for goods and services in the market.

Pure Competition

Market structure, in which large numbers of buyers and sellers exchange homogeneous products and no single participant has a significant influence on price.