Before recommending a credit line amount to seek from First Bank, determine the following: What additional information about the bank would you want to have, and why would you want it?
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- Investigate the procedures in your a bank of your choice, in granting credit cards and the possible benefits and drawbacks to the institution of this instrument.Investigate the procedures in your financial institution or a bank of your choice, in granting credit cards and the possible benefits and drawbacks to the institution of this instrument.Discuss the different types of banks deposits in respect to features, interest, cost, withdrawals, etc. and explain how deposits are relevant to credit management
- What are some fees that you can should be looking at BEFORE applying for a credit card?Why do we need to check the credit worthiness of credit customers before granting their credit application?include and explain any other ratios in your analysis table which will assist in strengthening your position for application for applying for loan from a bank
- The final payment the bank will require you to make is $Explain what important information we can get from each sources of credit information to be able to make a decision whether or not we can extend credit to the loan applicantIf you were the banker, what information would you want from a company to evaluate their riskiness and their ability to repay a loan? What specific information would you need to begin a cash receipts forecast? Identify three items that would be helpful.
- What types of conveniences should you look for in a savings account?Which of the following pieces of information would you not expect a potential credit customer to provide in a credit application form? A.The name of their spouse and their spouse's personal bank account details B.the name of their bank C.a list of other debts D.a list of assetsWhich one of the following best defines the term credit scoring? A. Categorizing customers into groups depending on the length of time it takes each customer to pay for purchases B. Compiling a list of accounts receivable segregated by the length of time each receivable has been outstanding C. Evaluating the opportunity costs of a credit policy D. Process of quantifying the probability of default when granting credit to customers E. Tracking of both the number and the size of customer orders over a period of time