Your Credit Score Is Calculated Using

question 40

Multiple Choice

Your credit score is calculated using

• A)your credit payment history.
• B)your income history.
• C)your cash flow.
• D)all of the above.

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Definitions:

Average Product

Output per unit of a particular input.

Perfect Competitor

An idealized firm that has no market power and operates in a market with many buyers and sellers where all have perfect information.

Income Effect

It refers to the change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Utility Maximizing

A concept in economics that refers to the idea that individuals choose to allocate their resources in a way that maximizes their utility or satisfaction.