In Evaluating Your Credit Application, a Lender May

question 176

Multiple Choice

In evaluating your credit application, a lender may:

• A) ask your age.
• B) want to know if you are on public assistance.
• C) require your marriage certificate.
• D) ask if you are married or divorced.
• E) ask your race and nationality.

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Definitions:

Strengthening Economies

Refers to economies that are experiencing growth in GDP, employment rates, and trade, indicating an overall improvement in financial health.

Long-Run Exposure

The potential impact on a company's financial health over an extended period due to risks associated with changes in exchange rates, interest rates, or market conditions.

Plumbing Products

Items and systems involved in the distribution and management of water in buildings, including pipes, fixtures, and fittings.

Depreciation

A method of allocating the cost of a tangible asset over its useful life.