Which of the Following Is True About Credit Scoring Systems

question 111

Multiple Choice

Which of the following is true about credit scoring systems?

• A)Lower credit scores are better than higher credit scores.
• B)The whole credit scoring system is based on extensive statistical studies.
• C)Credit unions calculate and sell credit scores to lenders.
• D)Females receive higher credit scores than males.
• E)The stronger the personal traits of a person,the lower his or her credit score is.

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Definitions:

Polishing Machine

A device used in manufacturing or metalworking processes to smooth surfaces or improve finish quality through abrasion techniques.

Regression Output

The result of a regression analysis, providing statistical measurements that estimate the relationship between dependent and independent variables.

Polishing Costs

Expenses incurred in the finishing process of manufacturing, where products undergo final improvements, such as polishing or cleaning, to enhance quality.

Cost Report

A financial report summarizing the costs associated with a specific project or department.