Which of the Following Would Not Help Improve Your Credit

question 56

Multiple Choice

Which of the following would not help improve your credit score?

• A)Reducing unnecessary expenditures
• B)Destroying some credit cards
• C)Applying for more credit cards
• D)Notifying creditors of late payments

Understand the importance of precision in financial and measurement contexts, applying appropriate rounding techniques as required.

Solve problems involving proportions, rates, and unit conversions.

Develop and apply strategies for effective problem-solving in arithmetic contexts.

Interpret and perform operations with decimals and fractions in various practical scenarios.

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Definitions:

NAV

Stands for Net Asset Value, which is the value per share of a mutual fund or ETF calculated by dividing the total value of all the securities in the portfolio by the number of shares outstanding.

Income Distributions

Payments made from a fund or account to investors, which can include dividends from stocks or interest from bonds.

Capital Gain Distributions

The payment of proceeds prompted by an investment fund's sale of stocks and securities, which are passed on to the fund's investors.

Pinnacle's NAV

The Net Asset Value of Pinnacle's investments, representing the total value of the entity's assets minus its liabilities.