what does a credit score represent? 5 points\na) the amount of money you owe in total\nb) a number that…

what does a credit score represent? 5 points\na) the amount of money you owe in total\nb) a number that shows how reliable a person is at repaying borrowed money\nc) your monthly income\nd) the number of credit cards you own\nwhat is interest? 5 points\na) the amount of money you save each month\nb) a fee charged for opening a credit card\nc) the cost of borrowing money, expressed as a percentage\nd) the maximum amount you can borrow

what does a credit score represent? 5 points\na) the amount of money you owe in total\nb) a number that shows how reliable a person is at repaying borrowed money\nc) your monthly income\nd) the number of credit cards you own\nwhat is interest? 5 points\na) the amount of money you save each month\nb) a fee charged for opening a credit card\nc) the cost of borrowing money, expressed as a percentage\nd) the maximum amount you can borrow

Answer

Brief Explanations:

A credit score is a numerical representation of a person's credit - worthiness, which indicates how reliable they are at repaying borrowed money. Interest is the cost of borrowing money, typically expressed as a percentage of the principal amount.

Answer:

  1. B. A number that shows how reliable a person is at repaying borrowed money
  2. C. The cost of borrowing money, expressed as a percentage