Which of the following statements is true?
A. Banks and other lenders share the credit history of their borrowers with each other and are likely
to know of any other loan payments that you have missed.
O B. People have so many loans it is very unlikely that one bank will know your history with another
bank.
C. If you missed a payment more than 2 years ago, it cannot be considered in a loan decision,
D. Your bad loan payment record with one bank will not be considered if you apply to another bank
for a loan.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following statements is true? A. Banks and other lenders share the credit history of their borrowers with each other and are ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When compared to a mixed-market economy, a command economy typically has more private ownership. more government control over production. strong consumer-buying power. a greater chance for a high income.
Answers (2)
Vista newspapers sold 6,000 of annual subscriptions at $125 each on September 1. How much unearned revenue will exist as of December 31? a. $0. b. $500,000. c. $250,000. d. $750,000.
Answers (1)
Tariffs refer to a refusal to purchase or exchange products or services with another nation unless certain financial or ideological requirements have been satisfied.
Answers (1)
A postconventional level of morality is most likely to be found in cultures that value
Answers (2)
Which of the following statements is not true? Group of answer choices U. S. export control law requires the issuance of an export license to cover the movement of controlled U. S.-origin products from India to Taiwan.
Answers (1)
New Questions in Business
An economic system: A. requires a grouping of private markets linked to one another. B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. C.
Answers (1)
Grading at a site refers to A) evaluating the existing subsurface conditions of a site. B) evaluating the groundwater conditions at a site. C) compacting the soil to required density. D) None of these.
Answers (1)
A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold for $40,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:A.
Answers (1)
Which investment has the highest liquidity and can be converted into cash easily? A - bonds B - mutual funds C - stocks D - certificates of deposit
Answers (2)
Suppose the Fed raises the required reserve ratio, a move that is normally thought to reduce the money supply.
Answers (1)