Business, 05.05.2020 01:28 jazzzzhands21
An individual makes $400,000 annually and asks a local bank for a $20,000 loan. An evaluation of their credit history indicates this individual already owes $500,000. For this reason, the bank rejects the loan application.
Which factor in this situation does the bank MOST LIKELY consider in its decision to reject the loan application?
A capacity
B capital
C character
D collateral
Answers: 2
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An individual makes $400,000 annually and asks a local bank for a $20,000 loan. An evaluation of the...
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