Question

identifying a benefit of good credit history
which is a possible benefit of having a good credit history?
having a checking account
low interest rate on a car loan
high interest rate on a credit card offer
bankruptcy

Explanation:

• "Having a checking account" is a basic banking service not directly related to credit history benefits.
• A good credit history shows a borrower's reliability, so lenders offer lower interest rates (like on a car loan) as they perceive less risk.
• A "high interest rate on a credit card offer" is a disadvantage, not a benefit of good credit.
• "Bankruptcy" is a financial hardship, not a benefit.

Answer:

B. low interest rate on a car loan