Question

Someone who is applying for a loan from a bank can expect the bank to A investigate the person's parents to see if they were financially responsible B. check the person's credit history to make sure he or she pays debts on time C request proof that the person has graduated from a good college O D. demand that the person close all of his or her accounts at competing banks​

Answer 1

Answer:

B. Check the person's credit history to make sure he or she pays debts on time.

Explanation:

Applying for a loan from a bank is when a person wants to borrow money from the bank for his personal requirements. This is also one of the ways a bank does business, incurring interest while also 'helping out' a person in need.

One factor that banks take into consideration for approving a loan to a person is checking the credit history of that person. This means that the bank will investigate the person's credit score and how often he pays his credit bills. Depending on the pattern of the payment, a bank will be able to understand the dependability of the person for a loan's payment.

Thus, the correct answer is option B.