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11 January, 09:52

The term risk, when applied to borrowers, specifically refers to

a. lifestyles.

b. the risk that the borrower will not get a loan.

c. the risk associated with a major purchase.

d. the likelihood that the borrower will not pay the loan.

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Answers (1)
  1. 11 January, 13:15
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    D. Lenders are worried that the borrower won't pay them back, and they assess how likely that is to happen by looking at the borrower's income, other assets, credit history, etc.
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