What Percentage of Your VantageScore Is Based on Payment History

question 39

Multiple Choice

What percentage of your VantageScore is based on payment history?

• A)30%
• B)28%
• C)23%
• D)9%
• E)1%

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Definitions:

Cartel

An association of independent businesses or countries that agree to coordinate production, pricing, and marketing of a product to monopolize a market or maximize profits.

Dominant-Strategy Equilibrium

A situation in game theory where one strategy is better than others, regardless of what any other player chooses.

Dominant-Strategy Equilibrium

A state in a strategic game where each player's best strategy is independent of the strategies chosen by other players, resulting in a stable outcome no matter what the others do.

Tacit Collusion

A form of collusion that occurs without explicit agreement, where firms indirectly coordinate actions by understanding mutual interests.