The Best Way to Maintain Your Credit Standing Is To

question 94

Multiple Choice

The best way to maintain your credit standing is to:

• A)carry no credit cards
• B)pay all credit card invoices within 120 days
• C)repay your debts on time
• D)cancel any cars with outstanding balances
• E)if the balance is high and you cannot pay, claim your card was lost and misused by a 3^rdparty

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Definitions:

Taxes And Transfers

Taxes and transfers involve government activities related to collecting revenues through various forms of taxation and redistributing income through welfare programs and other transfers to support social objectives.

Taxes

Mandatory financial charges imposed by governments on individuals, businesses, or transactions to fund public expenditure.

Transfers

Movements of income or wealth without the exchange of goods or services, such as grants, subsidies, or remittances.