Those That Use Credit Cards as Their Sole Source of Credit

question 130

True/False

Those that use credit cards as their sole source of credit will have a lower credit score.

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Definitions:

Bond Interest Expense

The cost incurred by an issuer of bonds due to the interest it must pay to bondholders over the life of the bond.

Carrying Value

The book value of assets and liabilities as reported on the balance sheet, considering depreciation, amortization, or impairment.

Future Sacrifice

An expectation to forgo benefits in the future due to current investment or decisions.

Economic Benefit

An increase in the value of an asset or a reduction in liabilities, contributing to an improvement in the financial position of an entity.