Which of the following are frequently used as sources of information when trying to ascertain the creditworthiness of a customer?
I.payment history with similar firms
II.credit reports
III.financial statements
IV.information provided by a bank
A)I and III only
B)II and IV only
C)I and II only
D)I, II, and III only
E)I, II, III, and IV

Question

Quizplus · Accepted Answer

All four options (payment history with similar firms, credit reports, financial statements, and information provided by a bank) are commonly used sources to evaluate the creditworthiness of a customer. These sources provide comprehensive insights into a customer's financial behavior, reliability, and overall financial health.

Which of the Following Are Frequently Used as Sources of Information