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NEW QUESTION: 1
Section A (1 Mark)
A bank is considering making a loan to Neelam Pandey. The bank is looking at her credit report from Equifax and also examining the reason Neelam has put on the loan application for needing the loan? What aspect of evaluating a consumer loan application is the bank looking at?
A. Employment and residential stability
B. Deposit balance
C. Income level
D. Character and purpose
Answer: D