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Amiraneli [1.4K]
3 years ago
15

What best explains the relationship between a borrower’s credit score and a down payment requirement?

Business
2 answers:
grin007 [14]3 years ago
7 0

Answer:

B.Someone with a high credit score may be required to make a lower down payment.

Explanation:

A down payment is an initial payment that is made when you are buying things like real state or a car and the rest of the payment is made with a loan. So, when people ask for a loan to the bank, the amount approved and the initial payment are affected by the credit score the person has. If the person has a high credit score, he/she can get a higher loan which will require a lower down payment but if the person has a low score, then that person will get a lower amount and will require a higher down payment so the bank will be willing to lend the money. According to this, the sentence that best explains the relationship between a borrower’s credit score and a down payment requirement is someone with a high credit score may be required to make a lower down payment.

Likurg_2 [28]3 years ago
5 0
The one that best explains the relationships between borrower's credit score and a down payment requirement is : 
B. Someone with a high credit score may be required to make a lower down payment
Someone with high credit score usually correlated with Economic stability

hope this helps
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Choose the circumstances in which a debit card can be used. I. Point-of-sales transactions II. ATM withdrawals
natulia [17]

Answer:

The correct options are I and II

Explanation:

A debit card is the kind of payment card, which deducts the money directly or straight away from the checking account of the customer in order to pay for the purchase.

These cards also referred to as the check cards, which offer the person , the convenience of the credit cards as well as many of the customer protections. So, it could be used when the person involve in withdrawal of money from ATM and at point of sale, where the transaction is finalized and the customer tenders the payment in exchange of the service or good.

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3 years ago
Sunland Company gathered the following reconciling information in preparing its July bank reconciliation:
nikdorinn [45]

Answer:

the adjusted cash balance per book is $25,390

Explanation:

The computation of the adjusted cash balance per book is shown below

= Cash balance per books + Notes receivable and interest collected by the bank - Bank charge for check printing - NSF check

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= $25,390

Hence, the adjusted cash balance per book is $25,390

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago
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kvv77 [185]

Answer:

Control

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3 years ago
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8 choices from 4 options with repetition, so the number of ways is (8+4 − 1 4 − 1 ) = (11 3 ) = 165.

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8 0
1 year ago
Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization i
STALIN [3.7K]
Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization is producing a large number of defective products. This is an example of: Feedback control.
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