Unit 2B Study Questions

Sophia is trying to improve her credit score. What are four key factors that affect her credit worthiness?

• Payment history, credit utilization, length of credit history, types of credit

• Age, income, education level, employment status

• Marital status, number of dependents, home ownership, savings

• Geographic location, gender, ethnicity, political affiliation

Abigail is considering taking a loan to start her new business. What is something of value that she would let the lender claim if the loan is not repaid?

• Collateral

• Interest

• Principal

• Credit Score

What type of insurance provides financial support if you are unable to work due to a serious injury or illness?

• Health Insurance

• Life Insurance

• Disability Insurance

• Travel Insurance

Rohan found incorrect information on his credit report, which may hinder his ability to:

• Obtain a loan

• Improve his credit score

• Get a job

• All of the above

Which of the following is least likely to determine creditworthiness?

• Payment history

• Credit utilization

• Favorite color

• Length of credit history

Jackson is considering different types of insurance to ensure his family's financial security. What type of insurance is designed to replace the loss of income for family members who are financially dependent on another person?

• Health Insurance

• Life Insurance

• Car Insurance

• Home Insurance

A beneficiary is:

• A person who receives benefits

• A person who provides benefits

• A person who manages benefits

• A person who denies benefits

Investment in education, training, and skill development has been linked to:

• Increased earnings for workers

• Increased unemployment

• Higher inflation

• Decreased productivity

Which skill is most important to work effectively in a group?

• Communication

• Technical expertise

• Time management

• Individual work

Grace wants to improve her digital footprint. How can she do this?

• By sharing more personal information online

• By regularly updating privacy settings

• By ignoring online security measures

• By using the same password for all accounts