Question Details

Detailed explanation and options for the selected question.

What is meant by “credit rating”?

A. A measure of inflation in the economy
B. An assessment of a borrower’s creditworthiness
C. A method to calculate GDP growth
D. A tool to regulate banking systems

Explanation:

Credit rating evaluates a borrower's ability to repay loans. It is not a measure of inflation, GDP, or banking regulation.

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