1. If you picked "False" you are correct.

Think back to your school days, when grades, report cards, test scores and teacher recommendations had a lot to do with getting ahead. Now fast-forward to your life today. You may not think much about it, but you're still being evaluated and graded—in the subject of personal finance—and once again the results can be critical to your future. We're referring to credit reports, which summarize your history of paying debts and other bills, and credit scores, which predict risk. Both help banks, insurers, landlords and even potential employers make judgments about your reliability. See full story...

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