When Evaluating Credit, a Customer Who Has Paid All Bills

question 32

Multiple Choice

When evaluating credit, a customer who has paid all bills on time and has favorable credit references from other creditors is said to have

• A) creditworthiness.
• B) collateral.
• C) capacity.
• D) character.

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Definitions:

Grants

Financial awards given by government entities or private organizations to fund specific projects or activities.

UN Security Council

One of the six principal organs of the United Nations, charged with ensuring international peace and security, accepting new members to the UN, and approving changes to its charter.

Permanent Members

The group of nations with the authority to veto resolutions within the UN Security Council, acting as a cornerstone for international diplomacy and security.

Elected Members

Individuals chosen through a voting process to hold public office or represent a constituency in a legislative body.