The Lender Uses a Credit Application to Determine Whether the Borrower

question 123

Multiple Choice

The lender uses a credit application to determine whether the borrower has the ____ to handle the debt.

• A)character and confidence
• B)confidence and capacity
• C)acumen and capacity
• D)character and capacity
• E)credit and character

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Definitions:

Taxed

Describes funds or goods that are subjected to taxation by governmental authorities.

Maximize Profits

The process or strategy used by businesses to ensure they achieve the highest possible profit from their operations.

Ethical Investing

Ethical investing involves making investment decisions based on ethical principles, including environmental sustainability, social justice, and corporate governance.

Proprietorship

A business structure owned by a single individual who is responsible for its liabilities and entitled to its profits.