Question

9. When Margot applies for a loan, she needs to demonstrate to the bank that she has capital. What could she show them to best demonstrate her capital?
-copies of her will, power of attorney, and living will

-copies of her mortgage, investment reports, and bank statements

-a letter of recommendation from a former employer

-a typed essay detailing what she has been through the past few years

Answer 1

Answer:

copies of her mortgage, investment reports, and bank statements

Explanation:

The only option that properly demonstrates her capital would be copies of her mortgage, investment reports, and bank statements. Her mortgage shows the bank that she is able to pay her debt on time every month. Her bank statements show how much money she is spending on a monthly basis. Lastly, her investment reports show all of her assets and how much they are earning per month, all of this combined makes up her capital which is basically the amount of money she has, both liquid and in assets.