WorksheetsSpiral Review
Total questions: 5
Worksheet time: 4mins
Rohan is considering financing a car and is comparing different loan offers. What does APR stand for in this context?
Annual Percentage Rate
Automatic Payment Requirement
Annual Payment Rate
Automatic Percentage Rate
Caleb is currently employed as a graphic designer. Another company has approached him with a freelancing opportunity. Caleb should do all of the following EXCEPT-
Ensure his employer allows its workers to freelance with other companies.
Complete his freelance assignments when he is not on his company's premises.-
Ask to be paid in cash so he can avoid paying taxes on his freelance work.
Use his personal computer and telephone to complete the freelance work.
What is one factor that lenders consider when determining creditworthiness?
Length of credit history
Types of credit
Payment history
All of the above.
What is the primary purpose of a credit score?
To determine your income level
To assess your creditworthiness
To track your spending habits
To calculate your tax obligations
What are the two most important factors in calculating your credit score?
