M&B Bank
Ken is a senior manager at M&B Bank. Initially, he started as a front counter worker and slowly progressed up the career ladder. In his role as a senior manager, Ken is keeping a keen eye on the industry, the Federal Reserve System, and the bank's competitors. Ken's previous boss did not do that well, and as a result the bank had suffered.
Several employees have pointed out that many businesses are not aware of the procedures for or a systematic way to evaluate the creditworthiness of their customers, collect past-due payments from customers, and protect their businesses from such losses. Based on feedback from several employees, M&B has decided to offer credit-counseling workshops for individuals and small businesses.
-Refer to M&B Bank. While offering the credit-counseling workshops, the facilitator lists the five Cs of credit. Which of the following refers to the borrower's attitude toward credit obligations?

Question

Quizplus · Accepted Answer

Among the five Cs of credit, character refers to the borrower's attitude toward credit obligations. Capacity refers to the borrower's ability to repay debts, collateral refers to assets that can be used as security for the loan, capital refers to the borrower's net worth, and conditions refer to external factors that may affect the borrower's ability to repay the loan.

M&B Bank Ken Is a Senior Manager at M&B Bank. Initially, He