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What does 'credit score' indicate?

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Question: What does \'credit score\' indicate?

Options:

  1. The amount of money in a bank account
  2. The likelihood of repaying loans
  3. The interest rate on loans
  4. The total debt of an individual

Correct Answer: The likelihood of repaying loans

Solution: 

A credit score indicates the likelihood of repaying loans.

What does 'credit score' indicate?

Practice Questions

Q1
What does 'credit score' indicate?
  1. The amount of money in a bank account
  2. The likelihood of repaying loans
  3. The interest rate on loans
  4. The total debt of an individual

Questions & Step-by-Step Solutions

What does 'credit score' indicate?
Correct Answer: A credit score indicates the likelihood of repaying loans.
  • Step 1: Understand that a credit score is a number.
  • Step 2: Know that this number is based on your borrowing history.
  • Step 3: Realize that the score shows how likely you are to pay back money you borrow.
  • Step 4: Remember that a higher score means you are seen as a lower risk to lenders.
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