The Bank Can Thoroughly Investigate the Customer's Credit Record and Obtain

question 56

Essay

The bank can thoroughly investigate the customer's credit record and obtain a favorable or unfavorable recommendation.If the credit report is perfectly reliable,what is the most the credit union should be willing to pay for the report?

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Definitions:

Fundamental Resource

Basic inputs used in the production of goods and services, typically including labor, capital, land, and entrepreneurship.

Labor

The physical and mental effort used to produce goods and services.

Human Creations

Innovations, artworks, processes, and inventions that result from human imagination and intellect.

Capital

Resources made and used by people to produce and distribute goods and services, including buildings, machinery, and equipment.