Which of the Following Has the Lowest Weight in Determining

question 2

Multiple Choice

Which of the following has the lowest weight in determining a consumer's FICO score?

• A) Types of credit
• B) Amounts owed
• C) Payment history
• D) Length of credit history
• E) Number of delinquencies

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Definitions:

Wealth

The accumulation of valuable resources and possessions, which can include money, properties, and investments.

Risk Averse

The characteristic of preferring to avoid risk, where an individual or entity would choose a certain outcome over a gamble with a potentially higher, but uncertain, payoff.

Utility Function

A mathematical representation of how a series of choices provides a level of satisfaction to an individual.

Utility Function

A mathematical representation describing how individuals rank different bundles of goods based on the level of satisfaction or utility they provide.