A Bank Is Considering Making a Loan to Sean Finnigan

question 63

Multiple Choice

A bank is considering making a loan to Sean Finnigan.Sean owns his own home and has lived there for the past four years.What aspect of evaluating a consumer loan application is this fact most concerned with?

• A)Character and purpose
• B)Income level
• C)Deposit balance
• D)Employment and residential stability
• E)Pyramiding of debt

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Definitions:

Stringent Rules

Strict and precise regulations or guidelines that must be carefully followed or adhered to.

Play

A voluntary, enjoyable, and intrinsically motivated activity that is non-serious but may involve social roles and creativity, typical in children and recreational in adults.

Cognitive

Relating to mental processes such as perception, memory, thought, and problem-solving.

Dramatic Play

Play in which children enact social roles; made possible by the attainment of symbolic thought. A form of pretend play.