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5. making purchases with a credit card means that youre borrowing money…

Question

  1. making purchases with a credit card means that youre borrowing money with interest, and _ pay much higher interest rates. young people rich people old people college graduates 6. banks and lenders use credit scores to determine... the likelihood that someone is able to repay debt how much collateral someone has available to put up for a loan a persons financial responsibility how successful someone is 7. your greatest tool to building wealth is _. tax cuts single stocks your income your credit score 8. what is the second foundation? get out and stay out of debt save a $500 emergency fund. pay cash for your car. build wealth and give.

Explanation:

Brief Explanations
  1. Young people often have less - established credit histories, so they may be charged higher interest rates on credit cards.
  2. Credit scores are used to assess the likelihood of a person repaying debt. It's a measure of creditworthiness.
  3. Your income is the primary source from which you can save, invest, and build wealth.
  4. Without additional context, it's unclear what "The Second Foundation" specifically refers to here. But among the options, getting out and staying out of debt is an important step in financial well - being.

Answer:

  1. Young people
  2. The likelihood that someone is able to repay debt
  3. Your income
  4. Get out and stay out of debt