ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A credit score will tell the lender that you can be
A
trusted
B
cannot be trusted
C
bad risk
D
all of the above
Explanation: 

Detailed explanation-1: -Lenders will look into your credit score to see how credit worthy you are. The closer your credit score is to 900, the higher are the chances that the lender will approve your loan application. A high credit score reflects a high credit history and shows the lender that you are capable of repaying the loan.

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