Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A)A credit scoring model is a mathematical model that considers a borrower's credit rating to make loan decisions.
• B)A credit scoring model is a model that relies on expert knowledge to make loan decisions.
• C)A credit scoring model is a mathematical model that uses observed borrower characteristics to calculate a score representing the applicant's probability of default or to sort borrowers into different default classes.
• D)A credit scoring model is a mathematical model that uses neural networks to make loan decisions.

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Definitions:

Servitude

The state of being a slave or completely subject to someone more powerful.

Bacon's Rebellion

A 1676 uprising in the Virginia Colony, led by Nathaniel Bacon, against the rule of Governor William Berkeley.

Virginia Colonists

Early European settlers in the Colony of Virginia, who established Jamestown in 1607 as the first permanent English settlement in what would become the United States.

Large Land Grants

Significant parcels of land awarded by governments or monarchs to individuals, institutions, or companies, often to promote settlement, agriculture, or development.