Given that Dylan has a total debt of $11,650 and a total credit limit of $16,000, and
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Given that Dylan has a total debt of $11,650 and a total credit limit of $16,000, and that Mei Li has a total debt of $7,250 and a total credit limit of $12,000, who is more likely to have a higher credit score? Justify your choice.
a) Dylan has a higher credit score because he has a lower debt-to-credit ratio.
b) Dylan has a higher credit score because he has a higher debt-to-credit ratio.
c) Mei Li has a higher credit score because she has a lower debt-to-credit ratio.
d) Mei Li has a higher credit score because she has a higher debt-to-credit ratio.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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