During the Independent Life Stage What Can You Do to Build

question 13

Multiple Choice

During the independent life stage what can you do to build your credit score?

• A) Apply for and receive your first credit card
• B) Make all credit card payments on time
• C) Do not use more than 30% of your credit line
• D) All of these

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Definitions:

Immigration

The movement of people into a country to live on a permanent basis.

Emigration

The act of leaving one's country or region to settle in another, often in search of better living conditions or employment opportunities.

In-Migration

In-migration is the process of moving into a different area or region to live, often measured for geographic areas.

Malthusian Trap

A theory suggesting that population growth tends to outpace agricultural production, leading to periodic shortages, starvation, and population checks.