The Item That Receives the Most Weight in the FICO

question 50

Multiple Choice

The item that receives the most weight in the FICO credit scoring system is

• A) the amount of credit used each month.
• B) credit payment history.
• C) credit utilization.
• D) credit inquiries.

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Definitions:

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.

International Marketing Agreement

An arrangement between parties from different countries to promote and distribute a product or service globally.

Cournot Duopolists

Firms in a duopoly (a market with only two producers) that set their output levels independently to maximize profits, anticipating the other's response.

Inverse Demand

A representation of demand that shows how the quantity demanded of a good or service varies inversely with price.