multiple choice 1 point\nin order to assess an individuals credit worthiness, five factors are reviewed…
multiple choice 1 point\nin order to assess an individuals credit worthiness, five factors are reviewed. which of the following factors evaluates a persons income and household expenses?\ncondition\ncharacter\ncollateral\ncapacity
Answer
Answer:
D. Capacity
Brief Explanations:
Capacity in credit - worthiness assessment looks at a person's ability to repay debt, which involves evaluating income and household expenses to determine if there is enough cash - flow for debt servicing.