Question

Which characteristics describe customers who are more likely to have high assets and medium-low debt?

Answer 1

Customers with credit cards with no balance are more likely to have high assets and medium-low debt.

What do you mean by Credit card?

A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.

Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.

Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.

To learn more about credit card refer:

brainly.com/question/11199005

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