Social Studies, 12.11.2020 01:50 nihadsalim10
Adam and Betsy have both applied for loans from a bank. Adam is seeking to borrow $3,000, and the bank has identified him as a high credit risk. Betsy wishes to borrow $5,000, and the bank has deemed her a low credit risk. Based on this information, which outcome is MOST LIKELY? *
a. Adam's loan will have a higher interest rate than Betsy's because he is more likely to default on the loan.
b. a high credit risk means a high credit score means Adam will get the loan
c. since Betsy wants more her interest rate will be higher
d. a low credit risk means any loan for Betsy
Answers: 3
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Adam and Betsy have both applied for loans from a bank. Adam is seeking to borrow $3,000, and the ba...
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