NGPF Managing Unit Test | Baamboozle - Baamboozle

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NGPF Personal Finance

Study Slideshow

What benefits do you receive by taking out a loan with a cosigner?

You don’t get penalized for late payments

a better chance of getting approved and getting a lower rate

You get a discount on future loans after this one is paid of

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Which response best completes the sentence "It's best to begin establishing credit when you're young because ________" ?

You will likely need a credit history to do many things

Accessing credit only becomes more expensive as you get olde

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The amount you can charge to a secured credit card is limited by…

The amount of $ you deposit into an account as collateral

The total amount of money across all your bank accounts

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How can your credit score impact your financial well-being?

Your credit score can determine whether you are approved

It generally has no impact on your financial situation

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