Which term describes the record of all money a person has borrowed and repaid, including credit cards, loans, and utility bills?

• A. Credit report
• B. Credit history
• C. Credit risk
• D. Prepaid card

Answer: (B)

The main idea is understanding what a credit history represents. Credit history is the record of all money you’ve borrowed and repaid across your accounts—credit cards, loans, and even utility bills when those payments are reported. It shows whether payments were made on time and how much debt you’ve carried over time, which lenders use to judge how reliably you’ll repay in the future. A credit report is the file lenders pull that contains this history along with other details, but the description of the borrowing and repayment record itself points to credit history. The other terms don’t fit as well: credit risk is about the likelihood you’ll default, and a prepaid card is not a borrowing-and-repayment record.