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Chapter 6 - Chapter 6 Review Questions True/False 1 2 3 4 5...

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Chapter 6 Review Questions True/False 1. Using credit is the ideal way to provide for financial emergencies. 2. Having a checking account tells a creditor that you have some experience in managing your own funds. 3. A debt safety ratio of 10% would generally be a signal of financial trouble ahead. 4. The Wage Earner Planner allows debtors to keep their assets. 5. The required monthly payment on an open account will be the larger of a minimum dollar amount or a specified percentage of the balance. 6. The most popular travel and entertainment credit card is Diners Club. 7. College alumni organizations could sponsor an affinity credit card. 8. A credit applicant will be granted credit only after establishing a complete file at the local credit bureau. 9. The more credit cards one has, the better one’s credit score.
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