Why is it important for young people to establish a good credit history as soon as possible?
What will be an ideal response?
Answer: People that have not established any credit in their name do not have a credit report or credit score established. Potential creditors will have to assume that you are a high risk until you actually demonstrate good credit behaviors. This means you may be denied credit or will pay a higher APR and have a lower credit limit than you may want or need. You will also pay higher rates for your personal insurance until you have established a good credit score. Many employers also use credit scores for employment decisions and not having one may place you at a disadvantage.
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One way to improve the power of your visual aids and your presentation in general is to do what?
A) Keep things simple. B) Alternate between tradition media and new media such as Prezi's. C) Develop a presentation that works both in person, and on webinars. D) Work on performance skills. E) Be passionate about your topic, and convince your audience to be passionate about it as well.
Which of the following terms refers to the difference between the total amount of money flowing into and out of a nation over the course of a year?
A) momentum trading B) trade surplus C) exchange rate system D) balance of payments