3
QuizMultiple Choice

Understanding Credit

Question 3 • HCISD-Mathematical Models with Applications A-CR SUMMER

Before giving a loan to a customer, a lender examines the customer’s credit report. Which explains why the lender examines the customer’s credit report?

Answer
t
to determine if the customer is a likeable person
t
to determine the customer’s income
t
to determine the customer’s job title
t
to determine if the customer is likely to pay back the loan
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