When evaluating the creditworthiness of a customer,the term character refers to the:
A)nature of the cash flows of the customer's business.
B)customer's financial resources.
C)types of assets the customer wants to pledge as collateral.
D)customer's willingness to pay bills in a timely fashion.
E)nature of the customer's line of work.

Question

Quizplus · Accepted Answer

Character refers to the customer's willingness to pay bills in a timely fashion, which is a reflection of their reliability and trustworthiness. It is an important factor in evaluating creditworthiness as it indicates the likelihood of the customer fulfilling their financial obligations.

When Evaluating the Creditworthiness of a Customer,the Term Character Refers