By Evaluating Your Credit Options,you May

question 117

Multiple Choice

By evaluating your credit options,you may:

• A)reduce your finance charges.
• B)reconsider your decision to borrow money.
• C)discover a less expensive type of loan.
• D)find a lender that charges a lower rate.
• E)All of the other answers.

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Definitions:

Income Share

The distribution of total income among different groups or individuals, often used to analyze economic inequality.

Quintile

A statistical value that represents 20% of a given population or dataset, dividing it into five equal parts.

Percentage

A rate, number, or amount in each hundred.

Income Distribution

A measure of how a nation’s total GDP is distributed amongst its population.