Module 2 Test Review Questions And Answers 100% Verified A+ Guaranteed

What is the guideline for the maximum amount you should owe each month for loan payments. {Ans: 10% of monthly NET income}Madeline is comparing her options to borrow $5,000 to buy inventory and equipment for her new sub sandwich shop. Which loan appears to be the best deal? (Hint: Use the simple interest formula to estimate the interest.) {Ans: 10 percent interest loan due in one year}what website should you use to get a free credit report with no strings attached {Ans: annualcreditreport.com}Suki will soon turn 18 and wants to move into her own apartment in a few years. But she is worried that she won't be able to rent an apartment without any credit history. What can Suki do to start building a good credit history? {Ans: Get and use a store credit card or major credit card and pay off amounts due each month}If you use a credit card to buy something online from the Internet, look for the following on the Web site page. {Ans: a padlock}Who is responsible for reporting identity fraud? {Ans: the victim}