The financial innovation of numerical credit scoring contributed to the ________.
A)"democratization of credit"
B)reduction of loan-to-value ratios
C)"depersonalization of credit"
D)reduction of information asymmetries

Question

Quizplus · Accepted Answer

Numerical credit scoring made it possible to evaluate borrowers' creditworthiness more objectively, which led to the expansion of credit to a wider range of borrowers, including those with lower incomes and less traditional forms of collateral.

The Financial Innovation of Numerical Credit Scoring Contributed to the ________