____ refers to the applicant's financial strength, particularly with respect to net worth.
A) Character
B) Capacity
C) Capital
D) Collateral

Question

Quizplus · Accepted Answer

Capital refers to the financial strength of an applicant, particularly their net worth. It includes assets such as savings, investments, and other property minus any liabilities such as debts or loans. This information is important for lenders to assess whether the applicant has the financial resources to pay back the loan or credit being applied for.

____ Refers to the Applicant's Financial Strength, Particularly with Respect