solution

QUESTION 1

1. Your Fair Isaacs Company (FICO) score is based upon the following factors except:

   		your payment history.
   		the length of your credit history.
   		your sex.
   		All are factors in determining your FICO score.

1 points

QUESTION 2

1. The concept that the seller knows more than the buyer about the product being sold is:

   		Amortization.
   		Lemon law.
   		Selection bias.
   		Asymmetric information.

1 points

QUESTION 3

1. Refinancing:

   		is always a good option when you are able to borrow at a lower interest rate.
   		is never a good option since exit & entrance fees are always greater than the savings on interest rates.
   		could be a bad option if exit or entrance fees are high.
   		means the bank has taken possession of a home.