The Key Dimension of Credit Selection Which Analyzes an Applicant's

question 193

Multiple Choice

The key dimension of credit selection which analyzes an applicant's record of meeting past obligations is ________.

• A) collateral
• B) capacity
• C) character
• D) capital

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Definitions:

Add-On Option

A feature that can be added to a financial product or service, often for an additional cost, providing extra benefits or coverage.

Fixed-Rate Mortgages

A type of mortgage where the interest rate remains the same throughout the term of the loan.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Competitive Rate

An interest rate, price, or charge that is favorable compared to those offered by competitors.