When Trying to Assess the Credit Standing of a Customer

question 39

Multiple Choice

When trying to assess the credit standing of a customer, a financial analyst could use which of the following sources?

• A)Credit ratings and reports from credit agencies.
• B)Financial statements of the credit applicant.
• C)Other suppliers.
• D)All of the above.

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Definitions:

Skilled Examiner

A professional with specialized training and expertise in conducting assessments or evaluations in a particular field.

Single-spaced

A formatting style for text documents where no extra space is left between lines of text, as opposed to double spacing.

Adequately Assess

Sufficiently evaluating or measuring performance, skill, knowledge, or condition to meet a defined standard or objective.

Depth

Ensuring one is assessing the extent and seriousness of a concern.