Paul Carter is applying for a loan from a bank.The bank is concerned because Paul is an airline pilot for United Airlines.The bank thinks that Paul may be laid off in the near future.Which one of the 5 Cs of credit is the bank concerned with?
A)Character
B)Capacity
C)Capital
D)Collateral
E)Conditions

Question

Quizplus · Accepted Answer

The bank's concern about the possibility of Paul being laid off in the near future relates to "Conditions," which refers to the circumstances affecting the borrower's ability to repay the loan, including economic and industry-specific conditions.

Paul Carter Is Applying for a Loan from a Bank