Lenders use the financial statements of governments and not-for-profit entities just as they would those of businesses, that is, to help assess the borrower's credit-worthiness.

Question

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Lenders use the financial statements of all entities, including governments and not-for-profit organizations, to assess credit-worthiness by evaluating their financial health, stability, and ability to repay loans.

Lenders Use the Financial Statements of Governments and Not-For-Profit Entities