In the 5 Cs of Credit, Character Refers to the Borrower's

question 129

True/False

In the 5 Cs of credit, character refers to the borrower's attitude toward credit obligations.

---

Definitions:

Domestic Price

The price of goods or services within a country's borders, differing from global or international prices due to factors like tariffs, taxes, and demand-supply dynamics in the local market.

Free Trade

An economic policy that allows imports and exports between countries with minimal or no barriers to trade.

Domestic Consumption

The total demand for goods and services within a country, excluding those goods and services that are exported.

Domestic Production

The creation of goods and services within a country's borders.