Jane Calvert is applying for a loan from a bank.The bank knows she owns a house worth $160,000 and a car with a trade-in value of $12,000 as well as other personal assets worth approximately $44,000.Which one of the 5 Cs of credit is the bank looking at?
A)Character
B)Capacity
C)Capital
D)Collateral
E)Conditions

Question

Quizplus · Accepted Answer

The bank is assessing Jane Calvert's capital, which refers to her personal assets, including her house, car, and other assets, to determine her financial stability and ability to repay the loan.

Jane Calvert Is Applying for a Loan from a Bank