Questions & AnswersFinancial Accounting

1. Which of the following is a benefit of consumer credit to the US...

Question
Answered step-by-step
Asked by thomasthomas2016 on coursehero.com

1. Which of the following is a benefit of consumer credit to the US...

1. Which of the following is a benefit of consumer credit to the US economy as a whole?

**increased cost of consumer purchases

**decreased homeownership

**greater household debt

**lower interest rates

 

6. Which of the following is not one of the factors considered in the FICO credit scoring system?

**Length of credit history

**Level of debt

**Variety of debt sources

**Employment history

 

19. The equity in a home is defined as the

**the appraised value of the home less the current loan balance.

**the market value of the home less the current loan balance.

**the market value of the home.

**the appraised value of the home.

 

21. Depreciation causes a(n)_____ in the value of an automobile and, therefore, a _____ in one's wealth.
**increase; decrease

**decrease; decrease

**increase; increase

**decrease; increase

Answer & Explanation

Solved by verified expert
Answered by GeneralPencilCobra20 on coursehero.com

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapib

sectetur adipiscing elit. Nam lacinia

 

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficit

sectetur adipiscing

CliffsNotes Logo

Unlock access to this and over
10,000 step-by-step explanations

Unlock Explanation

Have an account? Log In

<p>sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapib</p><p style="margin-left:0px;">sectetur adipiscing elit. Nam lacinia</p><p style="margin-left:0px;"> </p><p style="margin-left:0px;">sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficit</p><p style="margin-left:0px;">sectetur adipiscing</p>

Step-by-step explanation

sectetur adipiscing elit. Nam lacinia pulv

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec fac

 

 

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laor

sectetur adipiscing

Get unstuck with a CliffsNotes subscription

Example CliffsNotes Question and Answer
Unlock every step-by-step explanation, download literature note PDFs, plus more.Get Access

Related Q&A