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Select the Ratio That Would Include Each Amount or Account

question 30

Multiple Choice

Select the ratio that would include each amount or account in its calculation. (Choices may be used more than once.)
-net income


Definitions:

Amount Owed

The total sum of money that is due or expected to be paid to a creditor or seller by a debtor or buyer.

Equal Credit Opportunity Act

A U.S. law that prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.

Public Assistance

Government-provided support to individuals in need. This can include financial aid, food stamps, healthcare, and housing subsidies, among other forms of assistance.

Expired Credit Card

A credit card that has surpassed its end date of validity, rendering it unusable for transactions.

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