Question

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?

Answer 1

Based on the scenario, the 5Cs of credit that the bank is concerned with is the conditions. Conditions in the 5Cs of credit is being defined as the state that comprises the overall economic environment in which is composed of the purpose of the loan and as well as the interest rates.