Business Studies, asked by SakshiDeshmukh8201, 10 months ago

Questions 9.
Credit Rating is called –
(a) Personal Loan
(b) Credit Test
(c) Both (a) and (b)
(d) None of them

Answers

Answered by Jasashmita1
0

Credit Rating is called –

Credit test

Answered by writersparadise
1

Credit Rating is called (b) Credit Test.

Credit rating is a rating given to a person or entity such as a company, evaluating the degree of risk involved in giving it a loan. The rating shows the ability of the person or entity to repay the loan at a specified time, at a specified rate of interest. A lender takes into account the credit rating of a client before giving loan.

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