Business
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

answer
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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