Question

A lender will verify and carefully consider your income before approving you for a loan because _____. A. They need to be sure you will be able to pay the loan back b. Government restrictions require a minimum salary to be approved for a loan c. Loan applicants with higher salaries are generally more trustworthy than other applicants d. They need to be sure you make at least the minimum payment for the loan you applied for Please select the best answer from the choices provided A B C D.

Answer 1

They need to be sure you will be able to pay the loan back. Then the correct option is A.

What is decision-making?

The process of making choice is by identifying the correct decision, gathering information, and assessing alternative solutions.

A. They need to be sure you will be able to pay the loan back. This is correct.

B. Government restrictions require a minimum salary to be approved for a loan. This is incorrect.

C. Loan applicants with higher salaries are generally more trustworthy than other applicants. This is incorrect.

D. They need to be sure you make at least the minimum payment for the loan you applied for. This is incorrect.

A lender will verify and carefully consider your income before approving you for a loan because they need to be sure you will be able to pay the loan back.

More about the decision-making link is given below.

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