Question

question 3
good credit helps bring independence. which statement best illustrates the fact that good credit helps bring independence?

○a good credit can help you build a savings account. because you pay less in interest when you have good credit, you are able to save more. money in your pocket (or your savings account) always gives you more options than not having money in your pocket.

○b good credit means you can be entirely independent and dont have to pay your bills on time.

○c good credit means you have to live at home with your parents after college because you cannot get an apartment.

○d good credit means you always have to pay more for risk based items like car insurance.

Explanation:

• Option A correctly links good credit to lower interest costs, more savings, and increased financial options/independence.
• Option B is false: good credit requires on-time bill payments, it does not excuse them.
• Option C is false: good credit helps qualify for apartments, reducing reliance on parents.
• Option D is false: good credit typically leads to lower costs for risk-based items like insurance.

Answer:

A. Good credit can help you build a savings account. Because you pay less in interest when you have good credit, you are able to save more. Money in your pocket (or your savings account) always gives you more options than not having money in your pocket.