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If you have a credit card with a $2,000 limit and a balance of $500, what is your credit utilization ratio?
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25%
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50%
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75%
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100%
That's Correct!
It's Wrong!
Calculate the ratio by dividing the credit card balance ($500) by the credit limit ($2,000) and multiplying by 100: ($500 / $2,000) * 100 = 25%.
