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Match each word with the phrase that best defines it.

service
a measure of how financially worthy a
person is to receive loans
credit score
the act of stealing and using someone
else's personal information
identity theft
a condition of financial failure
bankruptcy
a resource that is provided to meet
consumers' needs

User Rahmell
by
5.3k points

1 Answer

2 votes

Answer:

Credit score - A measure of how financially worthy a person is to receive loans .

Identity theft - the act of stealing and using someone else's personal information .

Bankruptcy - A condition of financial failure

Consumers' needs - A resource that is provided to meet .

Step-by-step explanation:

The Credit score is described as the numerical expression which represents an individual's creditworthiness. This number is determined by the evaluation of past credit files of the person which makes him/her worthy or not worthy to seek loans from the bank.

Identity theft is a term employed for describing an illegal or fraudulent use of a person's identity or personal information for seeking financial or other advantages(obtaining credit, medical services, file taxes, etc.) associated with that person.

Bankruptcy is demonstrated as the term used for 'legal declaration or recognition of the condition of insolvency of an individual or financial organization.' In this situation, the person or organization fails to repay the debts.

Consumer needs are described as the resources(product or service) that the consumers require to meet a particular need. In economic terms, it is the customer's desire for a resource or good for a specific benefit or advantage. For example: a fan would help the consumer to eliminate the feeling of heat.

User CGriffin
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