Individual Credit-Scoring Models Typically Include All of the Following Information

question 33

Multiple Choice

Individual credit-scoring models typically include all of the following information except

• A)income.
• B)length of time in residence.
• C)credit history.
• D)age.
• E)ethnic background.

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Definitions:

Actuarial Information

Data and analysis provided by actuaries, involved in assessing risks and uncertainties, particularly in the insurance and finance industries.

Pension Fund

A pool of funds accumulated from contributions to provide retirement benefits to employees.

Interest Rate

The percentage of a loan amount charged by the lender to the borrower for the use of money, expressed as a yearly rate.

Postemployment Benefits

These are benefits, such as pensions or health insurance, which employees are entitled to receive after their employment has ended.