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3 years ago

Why is it important to establish a positive credit history

Advanced Placement (AP)

2 answers:

Bezzdna [24]3 years ago

5 0

Answer:

Basically, your credit history is important because lenders, insurers, employers, and others may use it to assess how you manage financial responsibilities. ... Your credit history determines your ability to obtain credit. Your credit history determines the terms of credit granted, such as the interest rate you will pay.

Explanation:poop

kvv77 [185]3 years ago

5 0

I have not studied this topic, but, from what I know, establishing a positive credit history is important simply so you can buy things.

For example, if you bought a foreclosed house and need to remodel it, the bank will grant you a loan Only If you have good credit.

Another example would be when you buy your first car. If you pay in store for the car, you will need a loan. The bank will look at your credit to see if you are capable of paying back the money you borrowed.

A simple thing to gain good credit and trust is to pay bills and send them in on time.

Hope that in some way my answer helped.

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You are given a box of 100 silver dollars, all facing "heads" up. You are instructed to shake the box 3 times; after each shake,

NemiM [27]

Answer:

Explanation:

Assume that after each shaking, a silver dollar has an equal chance of "head" or "tail" up.

There will be likely 100/2 = 50 dollar coins with "heads" up. Removing them leaves 50 coins.

Again after the second shakes, 50/2 = 25 coins will likely be "heads" up. Removing them leaves 25 coins.

After the third shakes, approximately 25/2 = 12.5 coins will be "heads" up. Of course there is no 0.5 coin. Rounding up you likely get to keep 13 dollar coins.

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Answer:

3/47

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