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When lenders are deciding whether to give someone a loan, they generally require the person applying for the loan to:
A.
pass a written test to show his or her mastery of financial concepts.
B.
prove that he or she makes enough money to pay off the loan.
C.
shut down all other bank accounts at different financial institutions.
D.
show that he or she has a college degree from a major university.

Respuesta :

timijudith3

Answer:

for a fact the answer has to be B.

The checklist while granting loans are credibility, earning history, and ability to repay.

What should be checked before making a loan?

Lenders Consider 7 Factors when reviewing your loan application:

  1. Your credit
  2. Your earnings and employment history
  3. Your debt-to-income ratio
  4. The value of your collateral
  5. The size of your down payment
  6. Your liquid assets
  7. The term of your loan.

When applying for a loan, one must demonstrate that he or she earns enough money to repay the loan.

Therefore option B aptly describes the checklist while granting loans.

Learn about the checklist while granting loans here:

https://brainly.com/question/14311414

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