Mike Acorn applied for a $7,500 loan to start a small retail business. When the loan officer interviewed him for the loan, she asked him to list the assets he owned. The loan officer is concerned about Mike's

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The loan officer's request for a list of assets that Mike Acorn owns suggests that she is interested in his capital, or the assets he has available to use as collateral for the loan or to invest in his business. This information can help the loan officer assess Mike's financial resources and the risk associated with lending him money.

Mike Acorn Applied for a $7,500 Loan to Start a Small