Building a strong credit file (by making timely payments) when you in college and beginning your career is
A) unwise as you will have to pay interest on the deferred amounts.
B) wise so that when you are ready to make major purchases like a car and a home, you can obtain favorable interest rates.
C) unwise; only buy what you can afford to pay cash for.
D) Both A and C are correct.
Answer: B
Business
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Credit risk stems from non-repayment or delays in repayment of either principal or interest on FI assets.
a. true b. false
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Uber's rapid growth is an example that the ________ is gaining traction
A) digital technology B) collaborative consumption C) ride sharing D) transport convenience E) tourism
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