CLEAN : No Christmas Mass at Notre Dame but topped by a giant crane

What is the primary purpose of credit in financial transactions?

• To increase savings

• To reduce expenses

• To avoid taxes

• To facilitate borrowing and lending

Which of the following is a type of credit?

• Savings account

• Credit card

• Investment fund

• Checking account

What is a common use for a mortgage?

• Buying groceries

• Investing in stocks

• Purchasing a home

• Paying for a vacation

Which factor is most likely to negatively impact your credit score?

• High credit utilization

• Paying bills on time

• Having a long credit history

• Low number of credit inquiries

How does payment history affect your credit score?

• It has no effect

• It is the least important factor

• It is a major factor

• It only affects new credit