Which of the following is produced by a standardized formula and is used by banks to determine the level of risk in loaning money to a people?

A) balance sheet
B) net income
C) financial statement
D) net worth
E) credit score

Answer: E
Explanation: E) The Fair Isaac Corporation uses a standard formula to generate a FICO, or credit, score that provides a measure of an individual's credit risk.

Business

You might also like to view...

C-charts are used to analyze the proportion defective in a sample

Indicate whether the statement is true or false

View

Business

The amount of an estate that is exempt from federal estate taxes in 2015 is

A) $5.43 million. B) $3.25 million. C) $850,000. D) $10.5 million.

View

Business