Unit 8 Critical Thinking Question 1. What are the advantages of consumer credit?

2. What are the disadvantages of consumer credit?

3.What are some factors that influence a person's credit rating or their ability to get credit? How do
each of these factors influence the extension of credit?

4. What are three different cards that someone might have in their wallet? Describe each type of
card. How do these cards differ from each other?

5. How does the use of credit influence businesses and the economy?

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income

You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2