Possible sources of information about a credit applicant include:
A)financial statements submitted by the applicant.
B)reports of credit agencies.
C)U.S. Department of Commerce.
D)a and b.

Question

Quizplus · Accepted Answer

Financial statements submitted by the applicant and reports of credit agencies are both commonly used sources of information when determining the creditworthiness of an applicant. The U.S. Department of Commerce is not typically consulted for this purpose. Thus, choices A and B are both valid sources of information, making D the correct answer.

Possible Sources of Information About a Credit Applicant Include