Which of the Following Is not One of the Five

question 48

Multiple Choice

Which of the following is not one of the five Cs of bad credit?

• A) Complacency
• B) Contention
• C) Contingencies
• D) Competition
• E) Carelessness

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Definitions:

Banking System

The banking system consists of a network of banks and financial institutions that provide financial services, including managing deposits, lending, and currency exchange.

Federal Reserve Board

The Federal Reserve Board is the governing body of the Federal Reserve System, the central banking system of the United States, responsible for setting national monetary policy.

M1

A category within the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.

Savings Deposits

Accounts held at financial institutions that earn interest while providing funds liquidity with few, if any, restrictions on withdrawals.