multiple-choice question\naccording to the wsj, the banks plan to share checking & savings account…

multiple-choice question\naccording to the wsj, the banks plan to share checking & savings account information with each other to:\ncombine accounts for people with multiple of them\ncompare average customers financial data\nfind existing customers who might want a credit card\ndetermine if an applicant is creditworthy or not

multiple-choice question\naccording to the wsj, the banks plan to share checking & savings account information with each other to:\ncombine accounts for people with multiple of them\ncompare average customers financial data\nfind existing customers who might want a credit card\ndetermine if an applicant is creditworthy or not

Answer

Brief Explanations:

Banks share customer checking and savings account data to assess an applicant's ability to repay debt, which directly relates to evaluating creditworthiness. The other options do not align with the primary, common industry purpose of such data sharing for risk assessment.

Answer:

determine if an applicant is creditworthy or not