All categories

2 years ago

Credit score is used to determine your financial worth ?

Business

2 answers:

Blababa [14]2 years ago

8 0

Answer:

Explanation:

I live in Canada.

I have been told that my credit score is quite high. That's because I don't live beyond what I can pay for with this month's paycheck. I don't think anyone would judge my net worth by my credit score. In fact, bank loans won't think of stopping at credit rating. They (in Canada at least) would never think of giving out a loan whose repayment per month exceeded 1/3 of my paycheck.

Maybe I just have a tough bank, but I certainly agree with their policy.

Sergeu [11.5K]2 years ago

4 0

The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, and repayment history, and other factors. Lenders use credit scores to evaluate the probability that an individual will repay loans in a timely manner.

You might be interested in

how would you handle a situation in which the supervisor of another department approaches you with a strong complaint about one

djyliett [7]

Answer:

i would ask for more proof and check on that employee

Explanation:

4 0

3 years ago

Why is honesty an important component of bargaining it is not you can use more marketing techniques to sell a product if you str

ser-zykov [4K]

If a person doesn't trust you then they will tell other people and the other people won't trust you

8 0

3 years ago

Moorman Corporation has an activity-based costing system with three activity cost pools--Processing, Setting Up, and Other. The

Svetlanka [38]

Answer:

Overhead:

Other 18,750

Setting up 13,200

Processing 34,850

Explanation:

We multiply each activity cost pool by the rate of each department, then we add them to get the total overhead per department:

Processing

Depreciation: 55% x 59,000 = 32,450

Indirect labor: 30% x 8,000 = 2,400

Total: 34,850

Setting Up

Depreciation: 20% x 59,000 = 11,800

Indirect labor: 20% x 8,000 = 1,600

Total: 13,200

Other

Depreciation: 25% x 59,000 = 14,750‬

Indirect labor: 50% x 8,000 = 4,000

Total: 18,750

4 0

3 years ago

One reason that some central banks try to control exchange rates is that doing so helps control inflation.A. TrueB. False

vovikov84 [41]

Answer:

A. True

Explanation:

The central bank (reserve bank, monetary authority) is the institution responsible for the monetary policy of a country or group of countries. The main purpose of the central bank is to maintain the stability of the currency and the money supply. However, central banks also have duties such as being the last credit authority of the banking sector and controlling the interest rate. In addition, the central bank may have powers, such as supervising banks and other financial institutions, against negligence and fraud. Central banks play the role of banks for private banks and the government of the country. Process checks and lend to members. Central banks keep their foreign currency in foreign currency reserves. These resources are used to fluctuate exchange rates. Usually they add dollars or euros in order to match their currencies. This is said to be strong and helps exporters keep their prices competitive. Central banks also regulate exchange rates as a way of controlling inflation. They buy and sell large quantities of foreign currency for supply and demand.

3 0

3 years ago

In 2–3 sentences, describe how you would conduct a search for a single record.

boyakko [2]

There are several ways you can find a record. The easiest way is by using the find command. You can do this by pressing the combination keys Control + F. You will then see a mini search box in the top right corner of your screen. Lastly, type in the word, phrase, or record that you want to find. You will then be directed to several highlighted words, and TADA! :D

Hope this helps :)

7 0

3 years ago