Creditors Can Legally Require Information About ____ on a Credit

question 97

Multiple Choice

Creditors can legally require information about ____ on a credit application.

• A)childbearing plans
• B)marital status
• C)age
• D)all your sources of income

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Definitions:

Borrow

The act of obtaining or receiving something with the intention of returning it or its equivalent, often involving money with an agreement to pay interest.

Capital Structure

The mix of different types of debt and equity that a company uses to finance its overall operations and growth.

Coupon Rate

The annual interest rate paid on a bond's face value by its issuer, representing the yield an investor expects to earn if the bond is held to maturity.