Capital Capacity Conditions
Question 8 . When a lender examines your job situation and the security of your employment , it is considering which area of lending ? Capacity Character Capital Collateral Conditions
Question 9 . All of the following reasons are reasonable situations when you would decide to use credit except borrowing for a stay in a hospital because of appendicitis . borrowing to pay for your expensive dinner and movie every week . borrowing to buy a printer for your home office now because you know it will be twice as expensive in 2 years . borrowing to purchase a car so that you can go to work full time . using a credit card to purchase an airline ticket to visit a sick relative .
Question 10 . If Jack uses a Visa card to purchase a new digital camera , he would be using what type of credit ? Installment sales credit Installment cash credit Single lump sum credit Revolving credit Incidental credit