Which of the Following Are True Regarding Credit Scoring Systems

question 63

Multiple Choice

Which of the following are true regarding credit scoring systems?

• A)Lower scores are better than higher scores.
• B)Scoring systems are based on statistical studies.
• C)Credit unions calculate and sell credit scores to lenders.
• D)Females receive higher score than males.
• E)All of the above are true.

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Definitions:

Modern Features

Current and advanced characteristics or facilities provided by technology or services.

Traditional Features

Elements or aspects that are characteristic of a specific custom, practice, or style handed down through generations.

Latin America Tower

A term that potentially refers to notable skyscrapers or towers within Latin American countries, symbolizing architectural advancement.

Transitional Expression

Words or phrases used to provide seamless connections between ideas, sentences, or paragraphs, such as "furthermore," "however," and "consequently."