'Fast & Furious 9' release pushed back a year to 2020

What is the basic definition of credit?

• A method of saving money for future use

• A type of currency used only in online transactions

• A loan that never needs to be repaid

• A financial agreement where a borrower receives something of value now and agrees to repay the lender at a later date

Which of the following best describes a credit score?

• A ranking of your investment portfolio

• A score that indicates your ability to repay loans

• A number that represents your annual income

• A measure of your spending habits

What is a credit report?

• A summary of your employment history

• A detailed report of your credit history

• A list of your monthly expenses

• A document showing your tax payments

Why is maintaining good credit important?

• It allows you to avoid paying taxes

• It helps you secure better loan terms and interest rates

• It guarantees a high-paying job

• It ensures you never have to repay loans

How can poor credit impact your financial decisions?

• It increases your monthly income

• It results in automatic loan approvals

• It can lead to higher interest rates and difficulty in obtaining loans

• It has no impact on financial decisions