When Evaluating the Creditworthiness of a Customer,the Term Character Refers

question 31

Multiple Choice

When evaluating the creditworthiness of a customer,the term character refers to the:

• A)nature of the cash flows of the customer's business.
• B)customer's financial resources.
• C)types of assets the customer wants to pledge as collateral.
• D)customer's willingness to pay bills in a timely fashion.
• E)nature of the customer's line of work.

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Definitions:

Logic

The study of the methods and principles used to distinguish correct or good arguments from poor arguments.

Reason

The power of the mind to think, understand, and form judgments logically.

Evidence

Justifications for accepting a statement or assertion as true or likely true.

Rational Discussion

A conversation or debate conducted with reason and logic, focusing on facts and evidence rather than emotions or personal biases.