Question: May you please help Help What should you consider when selecting a credit card? Multiple Choice O obtain a card from an out-of-province financial institution

May you please help

May you please help Help What should you considerMay you please help Help What should you considerMay you please help Help What should you considerMay you please help Help What should you considerMay you please help Help What should you consider
Help What should you consider when selecting a credit card? Multiple Choice O obtain a card from an out-of-province financial institution if it offers better terms than those offered locally. O look for a low interest rate card if you intend to pay off the balance monthly. O if you intend on carrying a balance over several months, look for a card which offers an interest free grace period O look for cards offered by "credit repair" companies or "credit clinics" O never get a credit card that has an annual feeAn installment loan is a(n) Multiple Choice O open loan O direct loan of money for home improvement O consumer loan O loan offered by a car dealership only O a lending product linked directly to your credit cardHe A key difference between an installment loan and revolving credit is Multiple Choice O Revolving credit is not reported on the credit bureau O Installment loans are for a specific amount O You can only have one type of installment loan at a time O You do not have to meet the capacity requirement for a revolving credit O A revolving credit cannot have collateral attached to itWhich of the following create more risk for your lender? Multiple Choice O A variable interest rate. O A loan without collateral. O A large cash deposit required upfront. O Low fixed payments with a large final payment A shortened amortization period.A tip to avoid paying unnecessary banking fees is Multiple Choice O Never use ATMs in your bank's network O Search for a minimum balance chequing account O Avoid credit unions O link your chequing account to savings O Minimize the average monthly balance kept in your account

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