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Conditions
Question 8. 8. (TCO 3) 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. 9. (TCO 3) Which one of the selections can be categorized
as an advantage of credit?
The use of credit can lead to court action and bankruptcy.
The use of credit can lead to overspending.
The use of credit can lead to anxiety.
The use of credit ties up the use of future income.
The use of credit allows for the purchase of goods even when
Question 10. 10. (TCO 3) Which one of the selections can be
categorized as a disadvantage of credit?
The use of credit can allow you to receive advance notice of sales.
The use of credit can allow for you to purchase previously
inaccessible items.
The use of credit allows for the purchase of goods even when
funds are low.