A Good Credit Score Is Typically Not Required When Borrowing

question 18

Multiple Choice

A good credit score is typically not required when borrowing from a

• A) pawn shop.
• B) bank.
• C) credit union.
• D) credit card company.

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Definitions:

Initial Registration

The process through which a business formally records its initial information with the relevant authorities, often related to its establishment or incorporation.

Securities

Financial instruments that hold some type of monetary value, such as stocks, bonds, or options, which can be traded on financial markets.

Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to business operations.

Registration Filing

The process of submitting required documents to a regulatory body to declare the details of securities to be offered to the public.