A Borrower's Reputation Is an Example of a Market-Specific Factor

question 120

True/False

A borrower's reputation is an example of a market-specific factor in the credit decision.

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Definitions:

Mini Mental Status Exam

A brief 30-point questionnaire test used to screen for cognitive impairment and assess changes in mental status.

Balanced Meal

A meal that includes a variety of food groups in the right proportions to provide the body with necessary nutrients.

Basic Activities

Basic activities typically refer to fundamental tasks or actions that people engage in on a daily basis for self-care and functioning.

Daily Living

The routine activities that people do every day including eating, bathing, dressing, and going about their daily tasks.