Generally, Most of the Information in Your Credit File May

question 34

Multiple Choice

Generally, most of the information in your credit file may be reported for only ______ years.

• A)1
• B)3
• C)7
• D)9
• E)12

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Definitions:

Product Demand

The desire and willingness to purchase a specific good or service by consumers.

Marginal Product

is the increase in output resulting from a one-unit increase in the quantity of a particular input, while holding other inputs constant.

Competitive Market

A market structure characterized by a large number of sellers and buyers where no single entity has the power to influence market prices significantly.

Profits

The financial benefit that is realized when revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.