The Easiest Way to Establish Credit Is to

question 2

Multiple Choice

The easiest way to establish credit is to

• A) purchase a new car with a car loan.
• B) purchase a house with a mortgage.
• C) obtain a credit card.
• D) pay cash for all your purchases.

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Definitions:

Inherited Wealth

Assets and properties passed down from one generation to the next through familial lineage.

Life Chances

The opportunities each individual has to improve their quality of life, often influenced by socioeconomic status.

Status

The relative position or rank of an individual within a social system, determined by socio-economic conditions, occupation, education, and other factors.

Wealth And Status

Indicators of social position and economic capital, often signifying the amount of resources and prestige an individual or group possesses.