You Are More Likely to Qualify for a Loan If

question 25

Multiple Choice

You are more likely to qualify for a loan if you _____.

• A)never had a need for a credit card
• B)are married
• C)rent an apartment rather than own a house with a mortgage
• D)have a history of borrowing

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Definitions:

European Union

A political and economic alliance of European countries.

Customs Laws

Regulations imposed by governments on the import and export of goods, aimed at controlling the flow of goods across borders.

Protectionism

A call for tariffs and favorable treatments to protect domestic firms from foreign competition.

Foreign Competition

The presence of companies from different countries competing in a market, often emphasizing the global nature of business.