Banks should always check financial status before lending money to a client.
Assumptions :
I. Checking before lending would give a true picture of the client's financial status.
II. Clients some times may not present the correct picture of their ability to repay loan amount to the bank.5
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Q: Banks should always check financial status before lending money to a client. Assumptions : I. Checking before lending would give a true picture of the client's financial status. II. Clients some times may not present the correct picture of their ability to repay loan amount to the bank.
- 1If only assumption I is Implicittrue
- 2If only assumption II is Implicitfalse
- 3If either I or II is Implicitfalse
- 4If both I and II are Implicitfalse
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