Question:
Before giving a loan to a customer, a lender examines the customer’s credit report. Which explains why the lender examines the customer’s credit report?
A. To determine if the customer is a likeable person
B. To determine the customer’s income
C. To determine the customer’s job title
D. To determine if the customer is likely to pay back the loan
Answer:
D. To determine if the customer is likely to pay back the loan
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