Question 2 2.86 pts Regarding the amount of money borrowed on a loan, all of the following are true except O you should borrow slightly more than you need to cover future inflation. O you will have to pay interest. O you should only borrow the amount you need. the amount is based on how much the lender believes you can pay back in the future. n Question 3 2.86 pts Which of the following the maximum credit utilization rate that should be used: O 70 O Depends on the credit card issuer O 30 0100 Question 4 2.86 pts In comparing credit cards to other forms of credit, which of the following is false? O A home equity loan is a way of combining credit card and other debt. Credit cards are generally the most expensive form of credit. Credit cards can be viewed as a source of funds or income. You should pay the most expensive debt off first. Question 5 2.86 pts What is the FICO credit score range? to O 100 to 850 300 to 850 O 200 to 700 O 300 to 1,000