CFA Practice Question

There are 266 practice questions for this study session.

CFA Practice Question

Of the four C's, ______ addresses the borrower's willingness to pay irrespective of ability.
A. credit
B. character
C. covenants
Explanation: For many lenders, the borrower's character is the most important variable.

User Contributed Comments 1

User Comment
danlan2 Credit is NOT one of the four C: character, convenants, collateral, capacity.
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