Which of the Following Can Be Used by a Creditor

question 111

Multiple Choice

Which of the following can be used by a creditor in deciding whether or not to grant credit?

• A) Credit history
• B) Race
• C) Gender
• D) Both A and C are correct.

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Definitions:

Compounded Annually

Involves the process where interest is added to the principal sum at the end of each year, for the purpose of calculating the next year's interest.

Annual Payments

Regular payments made once a year.

Loan

Money that is borrowed, typically from a bank or financial institution, which is expected to be paid back with interest.

Withdrawals

Sums of money taken out from an account, fund, or deposit by the account holder.