According to FICO 9 Scoring Model,people with the Best Credit

question 57

Multiple Choice

According to FICO 9 scoring model,people with the best credit have a utilization rate of no more than what percent?

• A)5%
• B)7%
• C)18%
• D)24%

---

Definitions:

Items

Refers to individual products or services that a company sells or the individual entries that make up a list or collection.

Intangible Assets

Non-physical assets owned by a business, such as patents, trademarks, goodwill, and copyrights, that have economic value and can provide future benefits.

Amortized

The gradual reduction of a debt or the spreading of capital expenses over a period of time.

Research and Development Costs

Expenses associated with the research and development of a company's goods or services, aiming to improve and innovate.