Multiple Choice
Amy Farmer is getting a loan to buy a used car.The bank wants to know the trade-in value of the car she is purchasing.Which of the 5 Cs of credit is the bank examining?
A) Character
B) Capacity
C) Capital
D) Collateral
E) Conditions
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q66: If your monthly net income is $1,250,what
Q67: Which federal law regulates the use of
Q68: In the 5 Cs of credit,character refers
Q69: What do creditors look for when you
Q70: What are the two basic types of
Q72: In the 5 Cs of credit,capacity refers
Q73: With closed-end credit,generally the seller holds the
Q74: A term that refers to the borrower's
Q75: Which federal consumer credit law prohibits creditors
Q76: The Fair Credit Reporting Act,which regulates the