Which of the Following Are Two of the "Additional Cs

question 25

Multiple Choice

Which of the following are two of the "additional Cs" of consumer credit?

• A) Customer relationships and Character
• B) Competition and Continuous employment
• C) Continuous employment and Character
• D) Customer relationships and Competition
• E) Competition and Character

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Definitions:

Lump Sum

A single payment made at a particular time, as opposed to several smaller payments.

Compounded Semi-annually

Interest on an investment or loan is calculated and added to the principal sum twice a year.

Financial Functions

Mathematical expressions that are used to calculate interest, future values, present values, payments, and other financial metrics.

Compounded Quarterly

A method of calculating interest where the interest is added to the principal four times a year, leading to a faster growth rate of the investment or loan due to the compounding effect.