Lenders charge different interest rates based on borrower risk of nonpayment, which is commonly evaluated using information in the borrower’s credit report.
Standard detail
MC.5
Depth 1Parent ID: 7B34AD0C54094F589403F01DB787BD8CStandard set: Grade 8
Original statement
Quick facts
- Statement code
- MC.5
- List ID
- 5
- Standard ID
- 43D7C4C75F9049DD9DE0ABF854C961A7
- Subject
- Personal Financial Education (2021)
- Grades
- 08
- Ancestor IDs
- 7B34AD0C54094F589403F01DB787BD8C
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US