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
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