CRA Statistical Credit Scoring Models Are Very Adept at Capturing

question 61

True/False

CRA statistical credit scoring models are very adept at capturing political risk events such as strikes, elections, corruption, etc.

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Definitions:

Certain Income

A guaranteed or fixed amount of earnings that an individual or entity can expect to receive over a specific time period.

Uncertain Income

Income that is not guaranteed or fixed, often subject to fluctuations due to various factors such as employment status, market conditions, or performance.

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Income

The money received, typically on a regular basis, for work or through investments.