
Business 11th Edition by William Pride,Robert Hughes ,Jack Kapoor
Edition 11ISBN: 978-1111526207
Business 11th Edition by William Pride,Robert Hughes ,Jack Kapoor
Edition 11ISBN: 978-1111526207 Exercise 6
Lenders generally are reluctant to extend credit to individuals with no previous credit history (and no outstanding debts). Yet they willingly extend credit to individuals who are in the process of repaying debts. Is this reasonable? Is it fair? Explain your answer.
Explanation
Reason for reluctance in giving credit t...
Business 11th Edition by William Pride,Robert Hughes ,Jack Kapoor
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