A FICO score:
A) Is a common credit rating system
B) Is only issued through banks
C) Is a type of credit report
D) None of the above
Question 2Credit reports:
A) Only report credit history under your current name
B) Only report payments that were made on time
C) Can only be secured without your permission
D) Show any liens, foreclosures, or bankruptcies
Question 3A credit report may include:
A) Previous addresses
B) Previous employers
C) Previous names
D) All of the above
E) None of the above
Question 4The three credit reporting agencies include:
A) Lehman Brothers, Equifax, and Merrill Lynch
B) TransUnion, Equifax, and Lehman Brothers
C) Equifax, Merrill Lynch, and Experian
D) Equifax, Experian, and TransUnion
Question 5You are entitled to a copy of your credit report:
A) Once every twelve months from each agency for free
B) Whenever you are denied credit
C) Both A and B
D) none of the above
Question 6Your savings account:
A) Should contain at least five months' income
B) Should have approximately 5 of your paycheck contributed to it each month
C) Both A and B
D) None of the above
Question 7With a FICO score:
A) The higher your FICO score, the better your credit
B) The higher your FICO score, the worse your credit
C) The lower your FICO score, the better your credit
D) None of the above
Question 8Non-wage economic benefits should not be considered part of a firm's total wage bill because these are indirect payments and therefore do not cost a firm as much as direct payments.
Indicate whether the statement is true or false
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